The cash purchase of US$3 billion prevented the real from following the trend of devaluation, among others, of the peso in Mexico and Colombia, as well as the South African rand
Today’s injection of liquidity held the currency back, allowing the real to perform against the currencies of other emerging economies. After oscillating in the morning between the minimum (R$ 6.1496) and the maximum of the session (R$ 6.1979), the American currency settled in negative territory, although without the real showing much momentum. Thursday (26) ended with the dollar at R$6.1794, a modest devaluation of 0.09%. This late afternoon, the currency for January fell to R$ 6.1805 (-0.39%).
If abroad the currencies reflected the perception among investors that there was less room for interest cuts in the United States – which contributed to the devaluation, among others, of the peso in Mexico and Colombia, in addition to the South African rand -, In Brazil, the spot auction of US$3 billion, in the first half hour of trading, prevented the real from following the trend.
According to the chief economist at Nova Futura Investimentos, Nicolas Borsoi, the BC auction appears to have been more than enough to meet the demand for dollars, which drops significantly in the period between the end-of-year parties. “Furthermore, everything works against the real: the tension between Congress and the Judiciary, the globally stronger dollar against emerging currencies, the fall in commodities”, comments Borsoi.
*With information from Estadão Conteúdo
Published by Matheus Lopes
