The dollar in sight has lost strength with the appreciation of commodities and expectations of commercial agreements between US and business partner countries (image: pexels)
THE dollar It ended the shorter doubled week: with strong daily and the accumulated retreat of the week, with liquidity limited by holidays.
This Thursday (17), the dollar in sight (USDBRL) ended the negotiations with R $ 5,8037, with a drop of 1.05% compared to the real.
The movement accompanied the trend seen abroad. Around 17h (Brasília time), the Dxyindicator that compares the dollar to a basket of six global currencies as euro and poundrose 0.02%at 99.397 points.
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In the week, the dollar fell 1.14% against the real.
What did you move with the dollar today?
The dollar faced another strong day of volatility, with investors monitoring the trade war – started by US President Donald Trump in early April with the announcement of importation ‘tariff’.
Among the outbreaks, US and Japan authorities advanced in the negotiations. Earlier, Trump said he had a “very productive” meeting with Japanese representatives, which raised the expectation that a trade agreement can be reached soon – and should serve as a “model” for US negotiations with other partner countries that have been taxed.
Trump also said he is not in a hurry to finish agreements. “Virtually all countries practically want to negotiate, but we will make fair agreements. […] I hope to make fair trade agreement with Italy. […] I believe we will make a good deal with China, ”he said at a news conference in Italy.
The exchange market was still moved by the decision of the European Central Bank (ECB) to reduce its interest rate from 2.50% to 2.25% per year. The measure increased the interest rate between the US and the eurozone, which makes the dollar more attractive than the European border.
But in relation to emerging markets and commodity exporters, such as Brazil, the dollar lost strength with the appreciation of raw materials. Iron ore ended the negotiations on the Dalian stock market in China, with a slight increase of 0.07%, to 707 yuans ($ 96.75) the ton. Already the most liquid oil contract Brenta reference for the world market, due in June, rose 3.20%to US $ 67.96 the barrel at the Exchange (ICE) intercontinental in London.
Source: Moneytimes
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