Financial market reacted after the US president claims that he intended to announce today or tomorrow the level of import tariffs that will be applied to Brazil
The dollar greatly stressed the rhythm of the local market throughout the afternoon of Wednesday (9), searching for defensive currency positions after the president of the United States, to say that he intended to announce today or Thursday (10) the level of import tariffs that will be applied to. With the market in sight already closed, Trump announced 50% rates to Brazilian products, which led to a trigger of the future dollar to August, which reached the level of $ 5.63, in parallel to the deterioration of other household assets.
The dollar in cash, which registered a maximum of R $ 5,5034 in the final stretch of business, ended the session up 1.04%, to R $ 5,5024 – higher closure and above the level of R $ 5.50 for the first time since June 25 (R $ 5,5551). Liquidity was contained due to holiday in the state of São Paulo. With this Wednesday’s drag, the border is accumulated high of 1.43% in the week and 1.26% in the first seven trading sessions of July, then finish the first semester with a devaluation of 12.07% in the year, the US currency now retreats 10.97% over the real
Dollar behavior thermometer compared to a basket of six strong currency, the DXY index surrounded stability throughout the afternoon, around 97,500 points. Dollar Index advances just over 0.70% in early July, but still features two -digit losses in 2025. The dollar has risen from the main even currencies of the Real, except for Colombian weight.
In addition to signaling with the imposition of a larger fare on Brazil, with the statement that the country “has not been good for the US,” Trump announced another round of tariff increases for a series of countries from August 1, including Algeria, Philippines, Libya and Iraq, among others. In recent days, the US President has sent letters announcing import rates to more than 14 countries, especially Japan and South Korea. The high expectation is around commercial negotiations with the European Union and India.
Despite the warnings about uncertainty and eventual inflationary impacts of Trump’s tariff, the minutes of the Fed Meeting in June, released in the afternoon, did not cook in interest cuts in the US in the coming months. The document reveals that most Fed leaders think it would be appropriate to loosen monetary policy this year. Two of them are open to reducing the rate this month.
*With information from Estadão Content
Posted by Fernando Dias
