The drop against the real is in line with the external devaluation of the American currency due to the slight rise in oil prices
O dollar operates at a low in the spot market on the morning of this Friday, 8th, since the opening and accelerates adjustment after US payroll data. A fall against the real is in line with external devaluation of the American currency given the slight rise in oilwith a barrel of Brent at around US$100, following the exchange of attacks between the US and Iran in the Strait of Hormuz, which weakens the ongoing ceasefire in the region.
The investor now analyzes the US labor market report, the payroll, for April. You USA created 115 thousand jobs in April, compared to forecast of 63 thousand. THE average hourly wage rose 3.57% in the annual comparison of April, compared to projection of +3.8% And the unemployment rate remains at 4.3% in April, equal to the market forecast of 4.3%.
According to analysts, the short term focus for markets and Fed officials is more focused on inflation dataconsidering inflationary fears arising from the war in the Middle East.
On the local agenda, the IGP-DI rose 2.41% in Aprilaccelerating compared to the increase of 1.14% in March, FGV reported. The rresult was above the median projections, of 2.39%whose range went from 1.83% to 2.60%. With this, the index accumulates an increase of 2.92% in the year and an increase of 0.78% in 12 months. The rise in oil prices resulting from the war between the United States and Israel in Iran has already contaminated inflation as a whole in the IGP-DI, with emphasis on wholesale.
Abroad, Federal Reserve director Stephen Miran stated that he defended interest rate cuts at the April meeting and, therefore, voted against the decision to keep the rate unchanged. In an interview with Fox Business, he said that monetary policy is “modestly restrictive” and harms the job market.
In the Middle East, Iran’s Revolutionary Guard said it seized the Barbados-flagged oil tanker Ocean Koi in the Sea of Oman, accusing the vessel of harming Iranian oil exports. Iranian Foreign Minister Abbas Araghchi stated that Tehran is fully prepared to respond to possible US military actions and accused Washington of resorting to a “reckless military adventure” whenever there is a chance of diplomatic advancement.
