At 9:36 am (Brasília time) this Friday (24), the commercial dollar The exchange rate registered a slight increase of 0.37%, quoted at R$ 5.1180, with an accumulated decline of 0.55% in the partial week. Yesterday (23), the exchange rate advanced 0.65%, quoted at R$ 5.0830. The DXY The index comparing the strength of the dollar against major global currencies showed stability with an upward bias (+0.03%). This morning, investors reacted to the new decision by the Office of the United States Trade Representative (USTR) to again impose a 12.5% surcharge on Brazilian products, alleging the importation of goods produced with forced labor. The US agency has imposed tariffs on a total of 60 countries for the practice of benefiting irregular supply chains, ranging from members of the European Union (with a 10% rate) to other Mercosur participants such as Argentina and Uruguay. Other major economies, such as China, Russia, Japan, and South Korea, were also affected by the new surcharge. In the Middle East, following a relief in geopolitical tensions – with the United States' proposed ceasefire with Iran – the price of a barrel of oil fell back below US$100. According to The New York Times, negotiations to end the war will be mediated by Iraqi Prime Minister Ali al-Zaidi. On Wall Street, market participants are showing concern about the negative results of the balance sheets of major technology companies, such as Alphabet and Tesla. According to analysts, the fear of high spending on artificial intelligence without a consistent return is worrying investors. Also in the corporate market, the results of American and European giants such as Exxon Mobil and American Express, as well as Volkswagen, are scheduled to be released today. Later, investors will monitor the release of the US Composite PMI and Manufacturing PMI, scheduled for 10:45 this morning. In domestic politics, yesterday, Finance Minister Dario Durigan signed the decree extending the subsidy of R$ 0.44 per liter of gasoline for 30 days. The extension of the subsidy will take effect from July 26.
This text was translated by machine from Brazilian Portuguese.