With a minimum of R$5.7630 and a maximum of R$5.8164, the spot dollar ended the session up 0.59%; the dollar futures contract for December moved less than US$10 billion
The session ended this Monday (11) on a firm rise in the domestic market. With a minimum of R$5.7630 and a maximum of R$5.8164, the spot dollar ended the session up 0.59%, quoted at R$5.7695. Liquidity was reduced due to the US Veterans Day holiday. The dollar futures contract for December moved less than US$10 billion. Adjustments to realize profits and an improvement in risk appetite, which led Ibovespa to operate in the black, eased pressure on the exchange rate in the second stage of business.
The real suffers both from the wave of strengthening of the American currency abroad, still the result of the realignment of expectations for the US economy with the election of, and from doubts surrounding the announcement and the magnitude of the spending cut package in the pipeline. by the Luiz Inácio Lula da Silva government. President Lula met with the Minister of Finance, Fernando Haddad, after the market closed, which took the dollar futures to lows. Before releasing the plan, Lula wants to present it to the presidents of the Chamber, Arthur Lira (PP-AL), and the Senate, Rodrigo Pacheco (PSD-MG).
The DXY index, the main thermometer of the dollar’s behavior in relation to a basket of six strong currencies, especially the euro and yen, once again surpassed the barrier of 105,500 points, with a maximum of 105,705 points. Among emerging currencies and commodity exporters, the South African rand fell more than 2%, while the Mexican peso depreciated by more than 1%.
The dollar is driven by the prospect of a more protectionist economic policy in the US with Trump’s ascension to the presidency, which could bring inflationary pressures and reduce the space for interest cuts by the Federal Reserve throughout 2025. In addition to the prospect of increased trade tensions with China, if Trump fulfills his campaign promise and adopts a more protectionist stance, the dollar will strengthen due to weak data on activity in Europe and a rapid slowdown in inflation in the region, which should lead the European Central Bank (ECB) to promote new rate cuts of interest.
*Report produced with the help of AI
Published by Carol Santos
