The spot dollar ended Wednesday’s trading session lower against the riyal, in a move similar to that observed in the most liquid markets followed by emerging markets. value.
The US currency was already declining at the beginning of the negotiations, and the movement gained intensity after the release of labor market data in the United States, which showed job opportunities and a decrease in temperature in the country’s economy. As a result, the possibility of an interest rate cut by the Federal Reserve at next week’s meeting has led to a decline in the value of the dollar globally. Thus, the US currency is once again close to its lowest levels this year, even as exchange flows already signaled a strong capital outflow last week.
At the end of today’s negotiations, the spot dollar recorded a decrease of 0.33%, reaching R$5.3125, after touching the minimum at R$5.2991 and reaching the maximum at R$5.3238. The commercial euro rose by 0.09% to 6.2006 Brazilian reals.
At around 5:10 p.m., the DXY index, which measures the dollar’s strength against a basket of six developed market currencies, fell 0.50%, to 98.865 points.