The dollar experienced a volatile trading day influenced by various factors such as the IPCA-15 inflation indicator, U.S. economic data, and comments from key Brazilian officials. The USDBRL closed at R$ 5.6629, marking a 0.69% decrease, reflecting movements in international markets where the DXY index fell by 0.41%.
Factors contributing to the dollar’s instability included weak commodity prices, uncertainties in Brazil’s fiscal situation, and expectations surrounding the U.S. elections. The IPCA-15 report for October showed a 0.54% increase, surpassing analysts’ expectations.
Economists noted that this inflation reading was worse than expected due to a tight labor market. Central bank officials emphasized data analysis for future interest rate hikes and the government’s commitment to fiscal frameworks.
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Investors also focused on comments from central bank officials, expecting fiscal measures from President Lula da Silva’s administration to address market concerns. The U.S. election outcome and labor data showing lower jobless claims could affect the dollar in upcoming sessions.
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