Dollar hits R$5, after unemployment data in Brazil | Economy

Dollar hits R$5, after unemployment data in Brazil | Economy
Dollar hits R$5, after unemployment data in Brazil | Economy
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1 of 1 Dollar Banknotes — Photo: Pexels
Dollar bills — Photo: Pexels

The dollar operates higher this Thursday (28), while investors analyze unemployment data in Brazil.

See below for a summary of the markets.

The previous day, the North American currency fell 0.07%, quoted at R$4.9787.

As a result, he accumulated:

  • drop of 0.40% in the week;
  • gain of 0.13% in the month;
  • increase of 2.60% in the year.

Ibovespa only operates from 10am.

The day before, the index rose 0.65%, to 127,691 points.

As a result, he accumulated:

  • increase of 0.52% in the week;
  • drop of 1.03% in the month;
  • decline of 4.84% in the year.

Understand what makes the dollar rise or fall

What’s moving the markets?

“Some members further argued that, if prospective uncertainty remains high in the future, a slower pace of monetary easing (interest rate cuts) may prove appropriate, for any terminal rate that is desired to be achieved,” the institution said.

The Copom promoted six consecutive cuts of 0.5 percentage points in interest rates. As a result, the Selic rate fell from 13.75% per year in June last year to 10.75% per year at last week’s meeting.

The article is in Portuguese

Tags: Dollar hits unemployment data Brazil Economy

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