INSUBCONTINENT EXCLUSIVE:
The US dollar reached a record high against the Brazilian real on Monday, closing at R$ 6.0829
these factors, pushing the dollar to unprecedented levels
The day started with the dollar weakening due to potential new stimulus measures in China.However, the trend reversed as interest rate
remains a key focus for investors
The possibility of changes to the fiscal package during its passage through Congress has increased market uncertainty.This uncertainty has
put pressure on the Brazilian real, making it less attractive to foreign investors
(Photo Internet reproduction)The Focus survey showed that analysts now predict a higher Selic rate of 12% for this year
This increase from the previous 11.75% forecast comes just before the final meeting of the Monetary Policy Committee (Copom) in
2024.Interest Rate Hike and Global Inflation TrendsThe Copom meeting, scheduled for Tuesday and Wednesday, is expected to raise interest
Most bets are on a 1 percentage point increase, which would bring the Selic rate to 12.25%
This anticipated hike has caused a sharp rise in interest rate futures.Inflation data remains a critical factor for both Brazil and the
Brazil will release its November Consumer Price Index (IPCA) on Tuesday
Economists predict a slight slowdown in monthly inflation but an increase in the annual rate.In the US, the market is waiting for new
Traders currently see an 85.8% chance of a Federal Reserve rate cut in December
influenced the currency market
Expectations of new stimulus measures in China could benefit commodity-exporting countries like Brazil
international economic factors
As Brazil navigates its fiscal challenges and global markets react to policy shifts, the currency landscape remains dynamic and
