On a day with an empty agenda, the dollar opens sideways, after US inflation data is in line

The dollar opened close to stability, thanks to US inflation data, the PCE, or personal expenditure price index, which rose 0.3% in February month-on-month, after rising 0.4% in January.

However, in an interview on Friday, the president of the Federal Reserve (Fed, the North American central bank), Jerome Powell stated that the disclosure was “in line with his thinking”, according to Ativa Investimentos. “By the way, unlike Christopher Waller’s tough speeches on monetary policy, on Thursday, Powell maintained alignment with the post-Federal Open Market Committee (FOMC) press conference.

“Outside, assets are recovering in the wake of Powell’s speech, which was worth February inflation in line with expectations and no rush to reduce interest rates in the short term. It’s a slow day here”, informs Ajax Asset.

At around 9:20 am (Brasília time), the commercial dollar was up 0.18%, quoted at R$5.0230 for sale. In the futures market, the North American currency contract expiring in May 2024 advanced 0.0%, quoted at R$5,039,500.

_{Camila Brunelli / CMA Agency}

_{Image: Unsplash}