At 15h14 (Brasília time), this Wednesday (17th), the commercial dollar fell 0.16% and was traded at R$ 5.6080. The Ptax rose significantly by 1.30%, to R$ 5.6579. The currency follows the bearish bias of the previous day and maintained the federal government's forecast of a 3.23% rise in Brazil's Gross Domestic Product (GDP) this year. In addition to the increased risk appetite with monitoring the limits of public cats in combating the new growth of deaths and cases caused by the coronavirus in the country. The market also waits for the decision of the Monetary Policy Committee (Copom) of the Central Bank (BC) to increase by 0.5 percentage point the basic interest rate in Brazil, the Selic, to 2.5% per year. The Federal Reserve (FED) also released its US monetary policy decision this afternoon.
This text was translated by machine from Brazilian Portuguese.