The dollar is moving upwards in Brazil this Monday morning (29), in a session marked by reduced liquidity on international markets due to the end-of-year festivities. At 10:19 a.m., the spot dollar rose 0.56%, to R$5.5761 on sale.
Ibovespa fell 0.31%, despite a rise in commodities like oil and iron ore overseas, which favored Petrobras and Vale.
“Market liquidity is compromised. The environment of these three days will therefore be favorable to volatility,” said the director of FB Capital Advisory, Fernando Bergallo, adding that the attention of agents now turns to the minutes of the last monetary policy meeting of the Fed (American Central Bank), which will be published tomorrow.
In this context, abroad, the dollar maintains gains against the main currencies, but declines against real pairs such as the Mexican peso.
The DXY dollar index, which measures the performance of the U.S. currency against a basket of six currencies, rose 0.09% to 98.120.
Regarding the national economic agenda, the Focus survey showed that analysts consulted by the Central Bank have once again slightly reduced their inflation expectations this year and next.
Economists cut the 2025 IPCA estimate to 4.32%, from 4.33% estimated a week ago, which was the seventh consecutive reduction in the projection. For 2026, expectations saw their sixth consecutive decline, to a median of 4.05%, down from 4.06% the previous week.
Also in the morning, Fundação Getulio Vargas (FGV) announced that the General Market Price Index (IGP-M) experienced a negative variation of 0.01% in December, ending the year with a cumulative decline of 1.05%.
With Reuters
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