The dollar ended Wednesday lower against the real and the main currencies abroad, with the market breathing a little easier with the statements made by Fed president Jerome Powell. According to him, US interest rates have already peaked and most Fed members consider it appropriate to reduce interest rates at some point this year.
However, he warned about the risks of cutting interest rates too soon and recalled that the economic scenario is still uncertain. Earlier, the dollar rose due to the number of private sector jobs measured by ADP (184 thousand), which came in well above expectations (150 thousand), in addition to the upward revision of the February data. If the trend is confirmed in Friday’s payroll, the heated labor market may justify a delay in the start of interest cuts by the Fed.
Here, the market only monitored the statements made by BC president, Roberto Campos Neto. According to him, the intervention carried out by the BC in the exchange rate this week “had nothing to do with the exchange rate variation, the exchange rate is floating”.
The spot dollar closed down 0.35%, at R$5.0405, after fluctuating between R$5.0358 and R$5.0918. At 5:12 pm, the dollar futures for May fell 0.58%, to R$5.0530.
Outside, the DXY index fell 0.52%, to 104.273 points. The euro rose 0.56% to US$1.0833. And the pound gained 0.57% to US$1.2650.
| Date | Purchase | Sale | Variation | Variation |
| 01/4/2024 | 5.0585 | 5.0591 | 0.87% | 0.0438 |
| 02/4/2024 | 5.0576 | 5.0582 | -0.02% | -0.0009 |
| 4/3/2024 | 5.0398 | 5.0404 | -0.35% | -0.0178 |
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