INSUBCONTINENT EXCLUSIVE:
PM.Two significant updates marked Tuesday morning in Brazil
First, the Copom minutes hinted at a possible slowdown in Selic rate cuts, now at 10.75% per year.U.S
Dollar Sees Slight Increase Against Brazilian Real
(Photo Internet reproduction)They predict a 50-basis-point cut in May and a 25-basis-point cut in June.Also, IPCA-15 inflation slowed from
0.78% in February to 0.36% in March, above the expected 0.32%.These updates influenced future interest rates and initially strengthened the
It suggests a higher Selic rate could draw more investment to Brazil.Right after these announcements, the dollar dipped to 4.9654 reais,
down 0.17%.This downward trend was short-lived
This happened as the dollar showed mixed results globally.By late afternoon, at 5:09 PM, the dollar index was up 0.11%, reaching
104.330.That morning, the Central Bank sold all 16,000 offered swap contracts, rolling over to June.
