The dollar closed up 0.18%, quoted at R$4.9829. Throughout the session, the currency reflected the resilience of the North American economy and the fall in commodities, especially iron ore. The minutes of the Monetary Policy Committee (Copom) and the above-expectations IPCA-15 reading in March also contributed to keeping the exchange rate market cautious.
During the day, the dollar varied by less than three cents between the minimum (R$ 4.9664), in the morning, and the maximum (R$ 4.9938), in the early afternoon. In March, it registered a slight appreciation of 0.21%.
Influences on the market
Technical factors, such as the beginning of the rollover of positions in the futures segment, on the eve of the dispute for the formation of the last Ptax rate of the month, on Thursday (29), also influenced the behavior of the real. The low liquidity in the spot market was evidenced by the future dollar price for April, which was below the spot dollar value.
Expert analysis
According to the partner at Ethimos Investimentos, Lucas Brigato, “the exchange rate is sideways, the dollar is even behaving”. Brigato understands that the price index for personal expenses (PCE), which will be released this Friday, could change the perception about the direction of interest rates in the United States.
For the chief economist at Banco Bmg, Flávio Serrano, today’s movement is influenced by signs that the US economy continues to strengthen, in addition to the devaluation of commodities.
Tags: Exchange rate Dollar closes higher concerns inflation commodities
