Devaluation of 0.36% makes this the lowest value of the American currency since December 12th of last year
The closed on Wednesday (15) with a devaluation of 0.36%, quoted at R$ 6.024. This drop occurred after the release of the United States consumer price index (CPI) for 2024, which slightly exceeded forecasts, but presented positive results in the cores, which exclude food and energy prices. This is the lowest value of the American currency since December 12th of last year. According to the US Department of Labor, consumer prices rose 0.4% in December, resulting in an annual increase of 2.9%, above the 2% target set by the . The core CPI, which excludes volatile items, grew 0.2% in December, accumulating an increase of 3.2% in the last 12 months.
This data was well received by the financial market, raising expectations of interest rate cuts by the Fed in 2025. Projections for interest rate reductions increased to 37 basis points. With lower interest rates in the United States, Treasury bonds become less attractive, which could encourage investments in emerging markets, such as Brazil. In the internal scenario, the IBGE revealed that the result was worse than expected. However, compared to November 2023, there was a growth of 2.9%. Between January and November, the sector’s volume accumulated an increase of 3.2%.
Furthermore, the central government presented a primary deficit of R$4.51 billion in November, the best result for that month since 2021. In the year to November, the deficit totaled R$66.82 billion, a reduction compared to to the R$112.46 billion recorded in the same period of 2023. For 2024, the goal is to reach a zero deficit, with a tolerance of up to 0.25 percentage points of GDP.
*Report produced with the help of AI
Published by Matheus Oliveira
