At 2:31 pm (Brasília time), this Wednesday (13th), the commercial dollar was down 0.26% and traded at R$ 5.3090. While the Ptax fell 0.67%, to R$ 5.4630. The currency is under pressure from the market's increased risk appetite as economic expectations rise over President-elect Joe Biden's inauguration on January 20. The Federal Reserve's Beige Book (FED, United States central bank) will also be released today with updates on the country's economic outlook, which may signal the beginning of the reduction of its asset purchase program. Despite the uncertainties about the health crisis caused by the coronavirus and the global financial recovery with vaccination. European Central Bank (ECB) president Christine Lagarde told international agencies that she expects social restraint measures in Europe to continue by the end of the first quarter. In the domestic scenario, the volume of services provided in Brazil grew 2.6% in November, compared to October, the 6th consecutive increase, according to data released by the Brazilian Institute of Geography and Statistics (IBGE). Despite the increase, the sector was unable to resume pre-pandemic levels. The Monetary Policy Committee (Copom) meets on January 19 and 20 to reassess the basic interest rate, the Selic.
This text was translated by machine from Brazilian Portuguese.