At 9:15 am (Brasilia time) this Wednesday (24), the commercial dollar showed a slight increase of 0.31%, quoted at R$ 5.2000, with a partial accumulated gain of 0.68% in the week. Yesterday (23), the exchange rate rose 0.88%, to R$ 5.1840. The DXY – an index that compares the strength of the dollar with the main global currencies – advanced 0.30%. The market continues to project the future trajectory of interest rates in Brazil and the United States, after the monetary policy decisions of last week. On that occasion, the Selic rate was reduced by 0.25 percentage points, to 14.25% per year, while the US rate was maintained in the range between 3.50 and 3.75% per year. The Monetary Policy Committee (Copom) released the minutes of its meeting yesterday, pointing to a worsening inflation outlook and signaling that it may keep interest rates unchanged at its next meeting in August. The minutes of the Federal Open Market Committee (FOMC) meeting will only be released at the beginning of next month. Earlier, the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV Ibre) reported that the Consumer Confidence Index (ICC) fell 0.1 points from May to June, to 88.7 points. On the other hand, in the three-month moving average, the index advanced 0.2 points, to 88.9 points. In the US, the only highlight of the day is the data on fuel inventories. Investors are also keeping an eye on negotiations to end the conflict in the Middle East, which has been putting pressure on oil prices in the international market. According to the Hormuz Strait Monitor25 vessels were in transit through the Strait of Hormuz the previous day, a volume equivalent to 42% of the waterway's usual flow, which averages around 60 ships per day. The Brazilian election race remains on the radar.
This text was translated by machine from Brazilian Portuguese.