After touching the level of R$ 6.05 in the early afternoon, the spot dollar significantly reduced its downward pace in the last two hours of trading and even briefly operated in positive territory. The selling force predominated in the final minutes and the currency ended the day down 0.14%, quoted at R$6.1042 – the lowest closing value since December 20th (R$6.0721). It was the second consecutive session of decline in the which accumulates a devaluation of 1.23% in 2025.
Although they did not identify a specific trigger for the reduction in the real’s strength, operators state that the absence of signs of new cost containment measures in an interview with the Minister of Finance, Fernando Haddad, in an interview with GloboNews, may have led to adjustments and the realization of profits.
Latin American real pairs, such as the Mexican peso, also reduced some of the gains seen earlier, amid the rise in Treasury rates in the wake of better-than-expected data from the US economy and statements by the country’s president-elect, Donald Trump, in defense of extending the American debt ceiling.
A thermometer of the dollar’s behavior in relation to a basket of six strong currencies, the DXY index operated at around 108.530 points when the local market closed, after a maximum of 108.595 points. Released in the early afternoon, the purchasing manager’s index (PMI, in English) for the services sector rose from 54.1 in November to 54.1 in December, above expectations.
The loss of momentum in the final stretch of the trading session may be related to adjustments after the speech and the external situation marked by an increase in Treasury rates. Haddad avoided committing to new cost containment measures and argued that the farm’s work in the fiscal field is “continuous”. According to the minister, the focus at the moment is to harmonize the budget with the measures approved by Congress last year, which will allow greater flexibility in the execution of the Budget.
*With information from Estadão Conteúdo
Posted by Carolina Ferreira
