US currency operates in decline this Thursday and hit R$ 5.21 at its high of the day. The day before, the dollar reached R$ 5.25.
This Thursday the 19th, the dollar operates in decline. At 4:30 pm, the US currency was sold at R$ 5.1021, down 1.80%. At the high of the day so far, it reached R$ 5.2100; at the lowest, the R$ 5.0890.
Yesterday (18) the dollar reached R$ 5.25 and closed the day at R$ 5.1955, with a high of 3.79%. Thus assuming a new nominal closing record (without considering inflation). At the high of the day, the dollar reached R$ 5.2575. In the year, the currency has already accumulated a high of 29.57%.
CB shares
The US central bank has allowed central banks in 9 countries to have access to dollars in anticipation of trying to prevent the coronavirus epidemic from triggering a global economic crisis.
The Federal Reserve System of the United States (Fed) affirmed that the swaps, in which the North American central bank accepts other currencies as collateral in exchange for dollars, will allow for at least the next six months that the central banks of Australia, Brazil , South Korea, Mexico, Norway, New Zealand, Singapore, Sweden and Denmark access a combined total of up to US$ 450 billion. This money will ensure that the dollar-dependent financial system continues to function.
BC intervening
The Brazilian Banco Centeal once again intervened in the exchange rate in an attempt to curb the rise of the US currency. This Thursday, the municipality carried out two line auction offers with a repurchase commitment that went up to US$ 2 billion each, in addition to the sale of up to US$ 500 million in spot currency.
"The BC, with its exchange rate policy, seeks much more to cushion (the dollar's rise) than to control the markets," said Denilson Alencastro, chief economist at Geral Asset, to Reuters. “The BC's current policy is to leave the exchange rate free. They act to avoid an exacerbation: provide liquidity as much as possible,” he said.
