At 9:20 am (Brasilia time) this Wednesday (8), the commercial dollar showed a slight increase of 0.14%, quoted at R$ 5.1560, but with an accumulated loss of 0.19% in the partial week. Yesterday (7), the exchange rate rose 0.35%, to R$ 5.1490. This morning, the market is reacting to the new escalation of tensions in the Middle East, which is causing oil prices to rise more than 5% in the international market. After two commercial ships and an oil tanker were hit by Iranian missiles earlier this week in the Strait of Hormuz region, the United States attacked more than 80 military targets in the Persian country the day before. In addition, in a speech given last night, US President Donald Trump said that the memorandum of understanding signed with Iran, which provided for the end of the conflict between the parties, is "over", adding that dialogue with Tehran will not continue. On the economic agenda, the highlight is the minutes from the last meeting of the Federal Open Market Committee (FOMC) of the Federal Reserve (Fed), scheduled to be published at 3 PM. The document should provide clearer signals about the interest rate policy of the institution's new chairman, Kevin Warsh. Here in Brazil, the day is marked by the absence of economic indicators. Therefore, Brazilian investors remain focused on the third day of public hearings promoted by… Office of the United States Trade Representative (USTR), which is evaluating the proposal to apply additional tariffs of 25% on Brazilian products based on Section 301 of the U.S. Trade Act.
This text was translated by machine from Brazilian Portuguese.