The dollar spot accentuated its downward pace and renewed its low at R$ 5.1112 this Friday (26). The movement occurs amid the Ibovespa peak, which reached 126 thousand points, given the external appetite for risk. The deepening of the currency’s losses in relation to emerging currencies in Latin America also impacted the current price.
At 2:05 pm, the dollar fell 0.92%, quoted at R$5.1115.
According to ING’s foreign exchange strategist, Francesco Pesole, the American currency still has room to strengthen further, amid signs that interest rates in the United States will remain restrictive for an indefinite period of time.
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The day is marked by the fall in rates on the US government’s public debt fixed income securities (Treasuries), following a result within expectations of the price index with expenditures (PCE, its acronym in English) in March.
Operators are also noticing technical movements by investors to roll over future dollar positions at the turn of the month and the dispute over the formation of the last ptax rate (reference for foreign exchange operations in the financial market, calculated during the day by the Central Bank) for April.
The dollar futures contract for May fell 0.98, to R$5.114500, worth US$12.5 billion.
At this moment, the Ibovespa operates up 1.47%, at 126,472, 79 points.
*With information from Broadcast
