Dollar opens falling, with an eye on inflation in Brazil and tensions in the Middle East

Understand what makes the price of the dollar rise or fall
The dollar opened this Friday's session (10) in decline, with a decline of 0.24% close to 9 am, quoted at R$ 5.1103. Negotiations on Ibovespa, the main index on the Brazilian stock exchange, begin at 10am.
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▶ The new Brazilian inflation data is the big highlight of the day. According to IBGE, the Broad National Consumer Price Index (IPCA) rose 0.16% in June, accumulating an increase of 4.64% in 12 months. The indicator is closely monitored by the Central Bank of Brazil (BC) in assessing the prospects for the future of interest rates in the country.
▶ Furthermore, the escalation of tensions in the Middle East is also on the radar. On Thursday, the United States and Iran announced new attacks amid a dispute over control of the Strait of Hormuz, one of the world's most important maritime routes for transporting oil and gas. Even so, American President Donald Trump stated that the country is "looking for an agreement" to end the conflict.
In light of the uncertainties regarding the war, oil was operating at a high this Friday. Around 9 am, a barrel of Brent, an international reference, rose 0.30%, quoted at US$76.53. West Texas Intermediate (WTI), traded in the USA, rose 0.19%, to US$ 72.22 per barrel.
See below more details of the day in the market.
Dollar

a
Accumulated for the week: -0.87%;
Accumulated for the month: -0.77%;
Accumulated for the year: -6.67%.
Ibovespa

Accumulated for the week: -0.76%;
Accumulated for the month: +0.42%;
Accumulated for the year: +7.21%.
USA and Iran exchange attacks
On Wednesday night (8), US Central Command forces carried out a new round of attacks against Iran, with the aim of reducing the country's ability to attack ships in the Strait of Hormuz.
The military action reached approximately of 90 strategic targets along the Iranian coast. Among the structures destroyed or damaged are air defense systems, coastal surveillance assets, missile and drone storage sites, naval capabilities and military logistics infrastructure.
The Strait of Hormuz is a maritime corridor about 50 kilometers wide that connects the Persian Gulf with the Gulf of Oman and the Indian Ocean. Before the war, around 20% of all oil and gas traded in the world passed through the area.
What is the Strait of Hormuz, essential for global oil
Although Iran does not own the sea route, it controls the northern coast of the strait, as well as several islands and military positions. This allows the country to monitor practically all vessel traffic in the region.
In recent years, Iran has transformed this geographical position into an instrument of political and military pressure. After the start of the war, the country closed the strait to gain an advantage at the negotiating table.
Currently, the Iranian government advocates that the world recognize the country's sovereignty over the maritime route.
Global stock markets
In Europe, concern about the conflict in the Middle East weighed on the markets, which operated mixed this Friday (10).
Among the main indices, the DAX, from Germany, had fallen 0.01% close to 9am, while the CAC-40, from France, fell 0.03% and the FTSE 100, from the United Kingdom, rose 0.11%.
In Asia, most stock exchanges closed higher, driven by greater optimism regarding Chinese internet companies.
The CSI 300, which brings together the largest companies listed in Shanghai and Shenzen, fell 1.96%, while the Shanghai composite index, the SSEC, lost 1%.
Hong Kong's Hang Seng rose 0.60%, while Japan's Nikkei advanced 1.20% and South Korea's Kospi rose 2.52%.
Notes dollar.
Rick Wilking/Reuters

Source: G1