O dollar in sight fluctuated slightly before the real in this Monday (20), with global markets awaiting the inauguration of Donald Trump as president of the United States, while national investors await the holding of two line auctions by the Central Bank (BC) in the morning.
To the 9h44the spot dollar rose 0,19%a R$ 6,0824 on sale.
On B3, the first maturity dollar futures contract fell 0.25%, to R$6.072 on sale.
On Friday (17), the dollar in cash closed at a slight increase of 0,16%a R$ 6,0650. During the week, however, the currency accumulated a drop of 0.62%.
Attention turns this Monday to the start of the new Trump administration in the USA, with wide expectations among investors for the speech to be given by the president-elect at the inauguration and the signing of a series of decrees that will seek to establish the brand of the new administration already in the first day of the term.
Two sources familiar with the matter indicated that Trump is expected to sign this Monday more than 100 decrees on a variety of topics, ranging from strict immigration control to the opening of new frontiers for oil exploration and, possibly, the imposition of import tariffs.
Analysts point out that Trump’s economic promises have potential inflationarywhich would force the Federal Reserve to maintain the interest rate on a landing highfavoring the dollar and Treasury yields.
“Investors are waiting for Donald Trump’s inauguration to see if something will actually be announced, if any executive measures will be taken and what the impacts on the global economy could be,” said Leonel Mattos, Market Intelligence analyst.
Operators already have reduced bets on cuts in interest rate by the Fed in the wake of recent data that showed that the US job market remains resilient, with unemployment rate falling last month.
A repercussion broader picture of Trump’s announcements, however, should only be known in Tuesdayas US markets are closed due to the holiday do Dia by Martin Luther King Jr.
The dollar index — which measures the US currency’s performance against a basket of six currencies — fell 0.26% to 109.040.
Domestic scenario
In the domestic scene, financial agents wait for two line auctions (sale of dollars with repurchase commitment) to be carried out by the BC during the morning, in what will be the first exchange rate intervention since the beginning of the mandate of the new president of the municipality, Gabriel Galípolo.
The BC informed on Friday that it will two auctions line with a total supply of US$2 billion.
The line A auction will be held from 10:20 am to 10:25 am, with an offer of 1 billion dollars and a buyback date of November 4, 2025. The line B auction will be held from 10:40 am to 10:45 am, with an offer of 1 billion dollars and repurchase date of December 2, 2025.
In December, the BC sold a total of US$32.6 billion to the market in extra auctions, to meet the year-end demand for North American currency, considering line operations and currency sales operations without repurchase commitments.
The dollar shot at the end of last year with the intensification of market fears about the Brazilian fiscal scenarioafter the government announced at the end of November a project to reform the Imposto de Renda which overshadowed the presentation of cost containment.
