At 9:10 am (Brasilia time) this Monday (3), the commercial dollar The exchange rate was operating in stability with a downward bias (-0.04%), quoted at R$ 5.0670. On Friday (31), the exchange rate rose 0.18%, to R$ 5.0690, but closed the week and the month of July with accumulated losses of 0.20% and 1.84%, respectively. This morning, market attention remains focused on the unfolding conflict in the Middle East, after US President Donald Trump canceled new attacks against Iran over the weekend and signaled that a new round of negotiations for a peace agreement may take place soon. Tehran, however, denied that it had requested a halt to the attacks, contradicting Trump. On the economic agenda, the Central Bank (BC) recently published a new edition of Focus Bulletin, with financial market projections collected up to last Friday. Among the main highlights, the median of the estimates for the Broad Consumer Price Index (IPCA) The 2026 forecast fell from 5.12% to 5.03%, while the projection for the Selic rate at the end of this year was reduced from 14.00% to 13.75% per year. Tomorrow (4), the meeting of the BC's Monetary Policy Committee begins to deliberate on the future of Brazil's basic interest rate, currently at 14.25% per year. The result will be released on Wednesday (5), with investors expecting another cut of 0.25 percentage points. In addition, corporate earnings reports are also in focus. Here, several earnings releases are expected this week, with emphasis on Itaú, Bradesco, Gerdau, CSN and Petrobras. Shortly, S&P Global will release the performance of the Purchasing Managers' Index (PMI) for the Brazilian and US manufacturing sectors in July.
This text was translated by machine from Brazilian Portuguese.