Dollar rises again and reaches new record, closing at R$ 4.39

Dollar rises again this Thursday (20), reaching close to R$ 4.40 and updating the closing record. All this amid the strength of the US currency abroad and the absence of more positive prospects for the real.

Advertising - OTZAds

The US currency reached a new record and was sold at R$ 4.3917. Up 0.61%.

The currency set a new nominal closing record (without considering inflation). At the daily high, it reached R$ 4.3982 – the highest intraday price ever recorded.

Advertising - OTZAds

Dólar fechou a R$ 4,39 nesta quinta-feira e atingiu novo recorde

At the same time, the tourism dollar was traded at R$ 4.5877, disregarding the IOF charge.

Advertising - OTZAds

The dollar accumulates an increase of 2.49% in the monthly partial. And it marks an increase of 9.52% in the year.

“It’s more of the same,” Italo Abucater, foreign exchange manager at Tullett Prebon, told Reuters about this session’s movement.

“There was already a process of appreciation of the (North American) currency on the global stage. The international situation is all bad, and the real one may have some distorted bumps one day or another, working in line with the exterior.”, reiterates Italo.

According to Abucater, the national scenario also contributed to the rise in the dollar. Considering the lack of flow prospects, the delay in economic reforms and low interest rates in Brazil, reducing the attractiveness of the real.

“We have no interest, so there is no premium for investors. The Central Bank talks about closing the cycle (in the interest rate cut), but activity indicates that another cut will be necessary. And this will affect the dollar”, he adds.

Outside of Brazil, the new coronavirus from China continues to be the main point of attention for operators and investors. That, despite the drop in new infections this Thursday, were reacting to the news that scientists warned about the possibility of the pathogen spreading more easily than expected. This ended up worsening fears about the economic impact of the disease and generating risk aversion.

For more economic news.

Caixa launches credit for fixed-rate real estate financing

Judge authorizes payment of R$ 40 million to Busscar labor creditors