With loss of additional strength in the final stretch of business, the American currency closed down 1.46%; In the week, it still accumulates appreciation of 0.11%, but started to retreat 0.27% in May
It fell almost 1.50% on Thursday (8), and closed back below $ 5.70 after two trading sessions. The day was marked by strong appetite for risk assets, including emerging currencies, in the face of promising signs of cooling the trade war. In addition to the US announcing an agreement on tariffs with the United Kingdom, the US President Donald Trump has been sought to China.
The Real exhibited the best performance among the most liquid currencies (except for the Argentine weight), in the wake of Wednesday’s decision of the Monetary Policy Committee () to raise Selic in 50 percentage point, to 14.75%, and wave with the maintenance of restrictive monetary policy for a period.
The rock of Real reflects both a dismantling of defensive positions built in recent days, expecting Superquarta, with monetary policy decision here and in the US, as the increase in the attractiveness of Carry Trade. Operators also report entry of resources to Ibovespa at a session of about 3% of oil prices.
With additional loss of strength in the final stretch of business, the cash dollar closed down 1.46%, at R $ 5,6613, in the minimum. In the week, it still accumulates appreciation of 0.11%, but started to retreat 0.27% in May. The currency has re -dropped more than 8% in the year.
Dollar behavior thermometer compared to a basket of six strong currencies, the DXY index rose more than 1% and exceeded the 100,000 points line, reducing losses in the year to 7%. Treasuries rates advanced in block, with the return of the 2-year T-Note playing 3.90% at the maxim.
Late in the morning, Trump announced that he had come to an understanding with the UK and is “very close to new trade agreements with other countries.” The US president also said he should have “substantial” conversations with the Chinese this weekend and that tariffs to China, now 145%, should decrease.
In the afternoon, the US commercial representative (USTR), Jamieson Greer, said the country could announce “throughout the month, or perhaps even this week,” new bilateral trade agreements. Greer also confirmed that he will travel to Switzerland this weekend to start tariff negotiations with China.
*With information from Estadão Content
Posted by Carolina Ferreira
