Amid tension in the global market scenario due to the coronavirus, the dollar remains on the rise and reached a maximum of R$ 5.0158
This Monday (16), the dollar is operating sharply and approaching R$ 5 again. In another day of tension in global markets, after the Federal Reserve announced another new surprise cut in the US interest rate and with more countries closing their borders to try to slow the coronavirus pandemic.
Internally, bets are growing for a cut in the Selic rate this week.
At 3:51 pm, the US currency rose 4.11%, trading at R$ 5.0153. At its highest so far, it reached R$ 5.0158. On Friday, the dollar ended the day with an increase of 0.51%, R$ 4.8127, the highest nominal closing price (without considering inflation), accumulating an increase of 20.02% for the year.
Bovespa crash
This Monday at 3:01 pm, Ibovespa (B3), the main stock exchange index, fell 13.56%, to 71,469 points. Earlier, it fell by more than 14%, dropping 70,855 points. And business was interrupted as soon as it opened.
Expectations of an interest rate cut in Brazil
This week in the Brazilian scenario, attention turns to the meeting of the Central Bank's Monetary Policy Committee (Copom), which will announce the new basic interest rate next Wednesday (18). With the Fed's decision, market bets on a new cut in the Selic 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 predicting a cut of 4% per year in the interest rate this week.
As for the exchange rate, the market increased its projection, which rose from R$ 4.20 to R$ 4.35 per dollar. For the close of 2021, it was stable at R$ 4.20 per dollar.
