Dollar operates higher, but still heading for a week of losses | Economy

Dollar operates higher, but still heading for a week of losses | Economy
Dollar operates higher, but still heading for a week of losses | Economy

The dollar operates higher this Friday (23), but still heading to close the week with losses against the real, in a week of attention to interest rates.

At 9:06 am, the US currency was selling at R$5.1786, up 1.25%. See more quotes.

On Thursday, the dollar closed down 1.10%, at R$ 5.1147. As a result, it accumulated a drop of 2.74% in the week and 1.66% in the month. In the year, it has fallen by 8.25% against the real.

What is messing with the markets?

In overseas markets, the day is negative after new UK Prime Minister Liz Truss announced her economic plan to fight the recession, which calls for sharp tax cuts and economic stimulus – which could spur inflation and lead to more. interest rates.

The week was marked by the decisions on interest rates in the United States and Brazil, announced on Wednesday.

The Federal Reserve (Fed), the US central bank, raised the country’s interest rates to a range of 3% to 3.25% – up 0.75 percentage point. It is the fifth time this year that interest rates are high. The new hike took the US benchmark interest rate to its highest level since 2008, just before the country went through its biggest crisis since the stock market crash in 1929.

interest rate hikes in United States tend to be reflected in a rise in the dollar exchange rate in Brazilsince the currency leaves the country, with the objective of seeking the best remuneration abroad.

Here, the Central Bank decided to keep interest rates at 13.75% – but it sent a clear message that, if inflation pressures again, the Selic could rise again in the future.

The article is in Portuguese

Tags: Dollar operates higher heading week losses Economy

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