This is the lowest closing value since September 18th, when the currency marked 4.8564
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SÃO PAULO (Reuters) – The release of favorable inflation data in the United States defined the firm fall of the dollar in Brazil this Tuesday, to below 4.90 reais, amid expectations that the Federal Reserve will no longer raise its interest rate in the short term. .
The dollar in cash closed the day at 4.8631 reais on sale, down 0.91%. This is the lowest closing value since September 18, when the currency marked 4.8564. In November, the currency accumulated a drop of 3.52%. >>> READ ALSO: Ibovespa exceeds 123 thousand points and closes at the highest since August 2021
On B3, at 5:04 pm (Brasília time), the first-month dollar futures contract fell 0.94%, to 4.8700 reais. The dollar fluctuated in negative territory for practically the entire session, but the movement intensified from 10:30 am, after the release of US inflation data.