The US currency hit a low of R$4.7237, the lowest since June 2022
A handbag it climbs and returns to 121,000 points after one year and two months this Monday 24, influenced by a wave of optimism with China and inflation. At around 1:55 pm, Ibovespa was up 1.05% to 121,473 points.
OR dollar drops more than 1% this Monday. At 14:18, it was trading R$4.7292, down 1.07%. The American currency had a low of R$ 4.7237, the lowest since June 2022. The appreciation of the exchange rate also fueled the low of future interest rates, which are operating downwards pending the Consumer Price Index Extends 15 (HICP-15) on Tuesday 25 July, and the Federal Reserve (Fed, American central bank) decision on interest on Wednesday 26.
porcelain and oil
In the early hours of this Monday, Brasilia time, the China’s highest decision-making body, the Politburo, has announced that it is confident in the country’s recovery, promising further stimuli., which should boost oil demand in the world’s second-largest economy. As a result, the commodity started to rise, boosting the entire oil industry.
“Commodities are leveraging, with Vale and Petrobras pulling. There is expectation of a stimulus announcement from China, but we have seen the government a bit reticent, not wanting to lighten much, failing to announce”, quotes Luiz Roberto Monteiro, operator of the institutional desk of Renascença. / WITH JÚLIA PESTANA, EDUARDO PUCCIONI, MARIA REGINA SILVA, SILVANA ROCHA AND GUSTAVO NICOLETTA
Source: Terra
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