At 9:25 am (Brasilia time) this Monday (20), the commercial dollar The exchange rate showed stability with a downward bias (-0.08%), quoted at R$ 5.1030. In the last trading session (17), the exchange rate advanced 0.20%, quoted at R$ 5.1070, with an accumulated gain of 0.02% for the week. DXY The IMF – an index that compares the strength of the dollar against major global currencies – was up 0.14%. This morning, investors are monitoring the escalating tensions in the Middle East, which has once again boosted oil prices. Clashes between the United States and Iran have entered their ninth consecutive day, while concerns about navigational safety in the Strait of Hormuz are growing following reports of oil tankers stranded in the region. The rise in oil prices has rekindled fears of renewed global inflationary pressures, reducing some of the optimism generated by weaker-than-expected US consumer inflation data released last week. As a result, markets have once again priced in the possibility of at least one more interest rate hike. Federal Reserve (Fed) until the end of 2026. In Brazil, the main highlight of the economic agenda was the release of Focus Bulletinof Central BankThe median of projections for the IPCA (Brazilian consumer price index) in 2026 fell from 5.16% to 5.15%, registering the third consecutive weekly reduction. For 2027, the expectation remained stable at 4.20%. Investors are also monitoring developments regarding the additional tariffs imposed by the United States on Brazilian products as part of the investigation of Section 301 of the US Trade Act. The measures come into effect next Wednesday (22). According to the Planalto Palace, the Brazilian government maintains dialogue with Washington in search of a negotiated solution, while also evaluating the adoption of measures foreseen in the Economic Reciprocity Law.
This text was translated by machine from Brazilian Portuguese.