Dollar on the rise with Treasuries awaiting BC lecture

O dollar operates at a high this Wednesday morning (24) after a specific drop earlier, in the wake of the external appreciation of the American currency and Treasury yields. Investors make fine adjustments amid a backdrop of fiscal caution.

With slight changes in dollar exchange ratethe adjustments made by foreign investors also reflect the realization of profits, after three consecutive sessions of decline against the real.

There is also a waiting period for the release of the PCE index, in U.S, and the IPCA-15 – both on Friday. In the US, orders for durable goods rose 2.6% in March compared to February, above forecast (+2%).

Lecture with Galípolo, from the Central Bank

This Wednesday, attention will also turn to the director of Monetary Policy at the Central Bank, Gabriel Galípolo, who will give a lecture. The initial expectation was that he would speak at 10am, but now the talk is expected to start at 11am.

Tax reform

It is also planned for the government to send bills that complement the tax reform to Congress. On Tuesday, the 23rd, the Chamber approved the bill that reformulates the Emergency Program for the Resumption of the Events Sector (Perse). This project was dehydrated and now goes to the Senate.

PEC of the Quinquennium

The Minister of Finance, Fernando Haddad, participated in a dinner on Tuesday night with senators from the government’s support base. He expressed concern to parliamentarians about the fiscal impact of the Proposed Amendment to the Constitution (PEC) of the Quinquennium, Broadcast Politico found.

According to sources heard by Political Broadcast, Grupo Estado’s real-time news system, Haddad told senators that there is a fiscal risk with the Quinquênio PEC, which is being discussed in the Senate plenary. He stated that the inclusion of categories in the proposal made the impact even greater.

Iron ore and dollar

The 3.08% increase in iron ore in China opened space for a specific drop in the foreign exchange market earlier. But the decline in oil still helps to resume the rise against the real.

Abroad, the dollar price it surpassed 155 yen for the first time since July 1990, at an intraday high of 155.17 yen.

The movement occurs amid speculation about the possible absence of new changes in interest rates during the Bank of Japan’s (BoJ) monetary decision, which takes place on Friday. At 9:37 am (Brasília time), the dollar rose to 154.97 yen.

At the same time, the dollar in cash it gained 0.34%, at R$5.1477. The dollar for May rose 0.21%, to R$5.1490.

With information from Estadão Conteúdo.