Dollar opens falling, with an eye on a new truce between the US and Iran
Understand what makes the price of the dollar rise or fall
The dollar opened this Monday's session (29) in decline, with a decline of 0.19% close to 9 am, quoted at R$ 5.1569. Trading on Ibovespa, the main index on the Brazilian stock exchange, starts at 10am.
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▶ The new truce between the United States and Iran is in the spotlight this Monday (29), after the two countries exchanged attacks last Friday (26), accusing each other of violating the ceasefire. On Sunday afternoon (28), Washington and Tehran agreed to stop hostilities and resume negotiations on the dispute over the Strait of Hormuz.
Still, the escalation of tensions brings a new high day for oil on the international market. Around 8:30 am, a barrel of Brent, an international reference, was up 0.61%, quoted at US$72.43. West Texas Intermediate (WTI), from the USA, advanced 0.88% at the same time, at US$ 69.84 per barrel.
▶On the week's agenda, new data from the labor market in Brazil and the USA are on the radar, with emphasis on the official American employment report, the payroll, and the Brazilian Caged. The numbers should provide indications on economic activity and reinforce the perspective on the future of interest rates in both countries.
▶In its latest edition, released this Monday (29), the Central Bank's Focus Bulletin showed the maintenance of estimates for inflation, exchange rate and the basic interest rate (Selic) for this year in relation to last week. For economic activity, the forecast rose from 1.98% to 1.99%. The document brings together the projections of various financial market agents for the Brazilian economy.
See below for more details on the day in the market.
Dollar
a
Accumulated for the week: +0.03%;
Accumulated for the month: +2.47%;
Accumulated for the year: -5.86%.
Ibovespa
Accumulated for the week: +2.95%;
Accumulated for the month: --0.28%;
Accumulated for the year: +7.55%.
Truce and tensions between the USA and Iran
Washington and Tehran exchanged new attacks last Friday (26), calling into question the ceasefire implemented by the memorandum of understanding signed last week.
Iran classified the offensive as a "clear violation" of the ceasefire and threatened to "paralyze all diplomatic processes", while American President Donald Trump again made threats. to exist", said the president on TruthSocial last Saturday (27).
On Sunday (29), the two countries agreed to suspend recent hostilities in the Gulf and resume negotiations on the dispute around the Strait of Hormuz. The expectation is that there will be a new meeting in Doha, Qatar, on Tuesday (30).
Global markets
In Asia, most of the region's stock exchanges closed higher, driven by the health, consumer and artificial intelligence sectors.
The CSI 300, which brings together the largest companies in Shanghai and Shenzen, rose 1.21%. The Shanghai index, the SSEC, closed up 1.16%.
In Hong Kong, the Hang Seng index had gains of 1.57%, while the Nikkei, from Japan, advanced 0.15% and the Kospi, from South Korea, had a devaluation of 0.20%.
*With information from the Reuters news agency.
Oil, dollar, war in the Middle East, oil crisis, Iran
Reuters
Source: G1