Amid tension in the global market scenario due to the coronavirus, the dollar remains high and hit a high of R$ 5.0158
This Monday (16), the dollar operates at a strong high and approaching R$ 5 again. In another day of tension in global markets, after the Federal Reserve announced yet another surprise cut in US interest rates and with more countries closing their borders to try to slow the coronavirus pandemic.
Internally, bets on a cut in the Selic rate this week are growing.
At 3:51 pm, the US currency was up 4.11%, trading at R$ 5.0153. At the maximum so far, it reached R$ 5.0158. On Friday, the dollar ended the day with a high of 0.51%, R$ 4.8127, the highest nominal closing price (without considering inflation), accumulating a high of 20.02% in the year.
Bovespa crash
That Monday at 3:01 pm, the Ibovespa (B3), the main stock exchange index, fell 13.56%, to 71,469 points. Earlier, it had a drop of more than 14%, retreating 70,855 points. And it had its business interrupted right after its opening.
Interest rate cut expected in Brazil
This week in the Brazilian scenario, attention will turn to the meeting of the Monetary Policy Committee (Copom) of the Central Bank, which will announce next Wednesday (18) the new basic interest rate. With the Fed's decision, the market's bets on a new cut in the Selic rate increase, which is currently at 4.25%.
According to the Central Bank's Focus Bulletin, released this Monday, the market reduced the GDP estimate for 2020 to 1.68%. Analysts are forecasting a cut of 4% per year in interest rates this week.
As for the exchange rate, the market increased the projection, which rose from R$ 4.20 to R$ 4.35 per dollar. For the close of 2021, it was flat at R$ 4.20 per dollar.
