09/24/2024 – 10:44
The dollar has been falling faster this Tuesday morning, the 24th, and is down more than 1% in the spot and futures markets. This performance is mainly attributed to external influence, with investors reacting to the economic stimulus package announced this Tuesday in China.
In response, commodities are operating at a strong high, promoting the appreciation of the real.
“Today it’s just China. The market has been asking for these stimuli and now we see a positive reaction in commodities and in the real’s currency pairs,” says Ideaki Iha, foreign exchange trader at Fair Corretora.
At 10:30 am, the dollar was quoted at R$5.4592, down 1.37%. The dollar futures for October fell 1.52%, to R$5.4600.
Among the real’s peers, the dollar’s fall against the Mexican peso (-0.45%), the New Zealand dollar (-0.72%) and the Australian dollar (-0.42%) stood out.
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