The dollar is trading steadily this Wednesday morning, with the market awaiting the FOMC decision.

At 9:20 am (Brasilia time) this Wednesday (29), the commercial dollar The exchange rate was operating in stability with an upward bias (+0.06%), quoted at R$ 5.1220, with an accumulated weekly gain of 0.85%. Yesterday (28), the exchange rate rose 0.18%, quoted at R$ 5.1200. The DXY The index comparing the strength of the dollar against major global currencies showed an upward bias (+0.04%). In this trading session, investors are focused on the Federal Open Market Committee (FOMC) interest rate decision of the Federal Reserve (Fed), scheduled for 3 PM. Following the announcement, as is customary, the chairman of the central bank, Kevin Warsh, will give a speech. According to the CME Group's Fed Watch tool, 64% of analysts expect the FOMC to maintain interest rates in the current range, between 3.50% and 3.75% per year, while 36% are betting on a 0.25 percentage point increase. Meanwhile, the market continues to monitor the increasing tensions in the Middle East, which is causing oil prices to rise more than 6% this morning. Yesterday, Iran accused the US of bombing its territory. The accusation comes a day after the Iranian Revolutionary Guard launched a surprise attack against an American base in Jordan. Here, the economic agenda is empty, with market attention also focused on the election race.

This text was translated by machine from Brazilian Portuguese.