At 3:11 pm (Brasília time), this Friday (5th), the commercial dollar was up 0.51% and traded at R$ 5.6890. While the Ptax jumped 1.54%, to R$ 5.6870. The session is influenced by the technical movements of adjustments in positions and increased market demand for financial security after the President of the Federal Reserve (FED, US central bank), Jerome Powell, signaled that he will not increase US interest rates in the short term, but without specifying how it will look in the long run. Internally, the market remains a little uncertain about public spending in facing the coronavirus pandemic, which continues to worsen in Brazil. Despite the approval of the Proposed Emergency Constitution Amendment (PEC), which makes it possible to extend Emergency Aid and limit the increase in public spending. In a negative aspect to the currency, the Brazilian industrial production grew 0.4% in January, compared to December 2020 and 2% compared to the same period last year, despite accumulating a drop of 4.3% in the 12-month period.
This text was translated by machine from Brazilian Portuguese.