Value was boosted by positive US manufacturing data and cautious stance by the Federal Reserve chairman
O dollar closed higher this Monday (1st), when it reached the highest value since October last year. The appreciation of the US currency in the domestic foreign exchange market was driven by positive data from the US industry and the cautious stance of Federal Reserve President Jerome Powell. After ending the first quarter with significant gains, the dollar surpassed the R$5.05 mark during the day, reflecting the upward trend abroad. With a maximum of R$5.0705, the currency ended the day quoted at R$5.0591, registering an increase of 0.87%. The real had the worst performance among Latin American currencies, behind only the Norwegian krone and the Hungarian guilder. The appreciation of the dollar in relation to the real was influenced by positive numbers of economic activity in the USA and the resistance of inflation in the country.
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The United States industrial PMI, released by the Institute for Supply Management, showed a significant increase in March, indicating expansion of activity for the first time since September 2022. Expectations now turn to data from the US labor market, with Highlight the March employment report, which will be released on Friday (5).
Published by Tamyres Sbrile
*Report produced with the help of AI
