O dollar in sight And Ibovespa opened the negotiations on Monday (28) near stability. The market expects a week full of economic data, as investors continue to consider commercial uncertainties amid the tariff war between United States and China.
At about 10:05 am, the dollar in sight fell 0.20%, to R $ 5,6705 in the sale. Ibovespa climbed 0.10% at the same time at 134,889.34 points.
The movements of the Brazilian currency occurred in the wake of low volatility in global exchange markets, with the US currency also oscillating little against a number of other currencies, such as euro, Mexican weight and Chilean weight.
Behind the trend of negotiations prevailed caution due to high uncertainty about US commercial policy and trade war between the world’s two largest economies, with analysts and investors fearful for the economic impacts of changes in the global trade order.
Last week, the markets showed a slight optimism in the face of the perception of tone change between US and China, with US President Donald Trump, ensuring that his country was in negotiations with the Asian country, while Beijing exempted some US products from their high rates.
Chinese authorities, however, reiterated on Monday that USA and China are not negotiating an agreement, refuting Trump’s lines that he would have talked to Chinese leader Xi Jinping, while Treasury Secretary Scott Bessent also denied knowing any conversations between the two presidents
In the midst of going and goes in relation to commercial tensions, investors preferred to be on the shores at this session, without major bets for any direction.
“Investors continue to monitor the commercial dispute between USA and China. The US have made comments suggesting the possibility of softening commercial tensions, but China has denied. Anyway, at this time, the external environment is a little less averse to risk,” said Leonel Oliveira Matos, Stonex Market Intelligence Analyst.
The dollar index-which measures the performance of the US currency against a six border basket-fell 0.22%to 99.506.
The caution of the financial agents was still justified by waiting for a broad battery of economic data this week, when they will seek the first evidence on the effects of Trump policies on the US economy.
The highlight of the week will be the US Employment Report in April, expecting a strong slowdown in opening job openings for this month.
“Following the strong job creation in March, the April employment report is expected to show a slowdown… (which) can be driven by stricter immigration policies and therefore can be a growing number of hiring freezes amid greater economic uncertainty and tariff costs,” BTG Pactual analysts said.
There will also be data from the PCE-Federal Reserve’s favorite inflation indicator-for March and Gross Domestic Numbers (GDP) of the first quarter, with the publication of both on Wednesday.
In the domestic scene, the day is marked by comments in the morning of Finance Minister Fernando Haddad and Central Bank President Gabriel Galipolo at the J. Macro Day Safra event.
