01/08/2024 – 9:55
The climate is cautious in the national and international markets this Monday morning, the 8th, which will lead the dollar to operate higher in most markets, including Brazil. Investors start the week by analyzing some weaker than expected economic indicators in Europe, while awaiting inflation data in Brazil and the United States that will be released throughout the week, mainly on Thursday (CPI in the US and IPCA in Brazil) .
In Brazil, this week's edition of the Focus Bulletin showed a slight increase in the inflation projection for 2023 (from 4.46% to 4.47%) and stability in the estimate for 2024, which remained at 3.90%. For the 2024 Selic rate, projections remained at 9.00%. For the exchange rate, market agents did not promote changes in estimates for this year, which remained at R$5.00. For 2025, the projection was reduced from R$5.03 to R$5.00.
At 9:48 am this Monday, the dollar in cash was quoted at R$4.8879, up 0.32%. The dollar futures for February advanced 0.19%, to R$4.9030. The increase occurs in line with the international trend, where the dollar advances mainly against the currencies of emerging countries and commodity exporters, on a day of a sharp drop in oil prices and a decline in iron ore.
In Europe, orders for German industry rose 0.3% in November compared to October 2023, below the expectations of analysts, who predicted an increase of 1%. Eurozone retail sales fell by 0.30% in November, at the margin, more than forecast (-0.1%), but the Eurozone economic sentiment index rose to 95.6 in December, exceeding expectations (94.4 points).
#Dollar #starts #week #rise #reflecting #caution
