Dollar retreats with Campos Neto and slowdown in the IPCA-15 in focus, waiting for the PCE

The dollar operates lower this Friday, the 26th, amid the decline in intermediate and long Treasuries rates and the rise in iron ore and oil abroad. Investors analyze the Broad National Consumer Price Index – 15 (IPCA-15). They also monitor a speech by the president of the Central Bank, Roberto Campos Neto, who said recently that the North American interest rate curve no longer shows a drop in Fed interest rates and that this makes a difference for the world.

The IPCA-15 registered an increase of 0.21% in April, after rising 0.36% in March, the Brazilian Institute of Geography and Statistics (IBGE) reported recently. The result was below the median estimate of financial market analysts consulted by Projeções Broadcast, which indicated an increase of 0.29%. Estimates ranged from an increase of 0.16% to 0.38%. With the result announced today, the IPCA-15 accumulates an increase of 1.67% for the year. The rate in 12 months was 3.77%. Projections in this case ranged from 3.71% to 4.49%, with a median of 3.85%.

However, the direction of the markets in general this Friday should be determined by the March reading of the United States consumption expenditure price index (PCE).

The result of the inflation indicator should change the bets for the Federal Reserve’s monetary policy (Fed, the North American central bank).

Yesterday, PCE inflation in the 1st quarter came in above analysts’ forecasts and renewed expectations that restrictive interest rates will be maintained in the US for longer.

At 9:25 am, the spot dollar fell 0.24%, to R$5.1501. The dollar for May fell 0.27%, to R$5.1515.