O dollar operates downward and guides the future interest rate curve this Friday. Investors are still correcting post-Copom excesses amid their appetite for risky assets abroad. They also analyze the increases in the Broad National Consumer Price Index (IPCA) in April of 0.38%, close to the ceiling of market projections compared to March (0.40%), and the rate in 12 months, of 3.69 %, above the expected median (3.65%).
The market receives with apparent relief the agreement between the government and Congress on the relief from company payrolls.
The adjustments also take into account persistent risk appetite abroad. Stock markets, oil and iron ore are showing increases. The triggers are the hope that the Federal Reserve may begin cutting interest rates in the second half of the year and the higher-than-expected growth of UK GDP in the first quarter.
However, Treasury yields began to rise slightly after falling earlier. On the radar are also data on consumer sentiment and inflation expectations from the United States and speeches from five Federal Reserve directors throughout the day.
The foreign exchange market is also following the slight external recovery of emerging currencies and commodities linked to the real against the dollar, with an eye on the news that China is considering exempting individual investors from paying taxes on dividends.
Earlier, Fundação Getulio Vargas (FGV) reported that the General Price Index – Market (IGP-M) rose 0.75% in the first preview of May, after falling 0.25% in the same reading in April.
At 9:31 am, the dollar in cash fell 0.37%, to R$5.1238. O dollar for June it dropped 0.28%, to R$5.1335.
With information from Estadão Conteúdo.
