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Sunday, November 27, 2022

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Dollar rises and closes at the highest value in 3 months before the elections

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Dollar closes higher, close to BRL 5.40, with investors cautious ahead of the elections and with Ptax and abroad on the radar (Image: Bloomberg)

O dollar in sight closed up 0.3% against the real, trading at R$ 5.39 for sale, with local investors eyeing the elections on Sunday and in a position adjustment movement at the end of the month. This is the highest closing value since July.

The dollar futures contract maturing in October closed with the same magnitude of increase, also at R$ 5.39.

cool from abroad

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Correparti’s foreign exchange director, Jefferson Rugik, comments that the local currency operated out of step with the dollar abroad, in a protection environment before the poll of intention to vote by the Datasheet.

Later, the last debate among the presidential candidates first roundon TV Globo.

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Outside, the Dollar Index reached 113.7 points, but retreated to 112 points amid the losses of the US currency against its main pairs, such as the euro and the pound sterling, which returned to show gains.

The index began to fall in the late morning after activity data in the United States. However, global caution remains on investors’ radar in the face of recession fears with the global economy.


Volatility should take over the last trading session of the week, the month and also the quarter. In addition to the election being closer and closer, there is the formation of the price of Ptax rate – average of quotes calculated by the Central Bank (BC) – at the end of the month.

The market should also react to the latest debate and also to Datafolha.


Watch the special series with the proposals for the economy of the candidates for the Presidency of the Republic! Follow Money Times on Facebook!

Source: Moneytimes

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