Eye Board | The economy
The dollar revised the third trading session, followed by praise on Monday, 24, and closed above the 75.75 line for the first time in ten days. According to the Operators, after the recent rally of Real, investors have promoted location adjustments in the domestic market and gains, despite the progress of goods such as Mexican and Chile weights, and in real boundaries.
On April 2, the Donald Trump administration on April 2 said that in addition to the estimates around the mutual tariff announcement, analysts claim that Real’s behavior reflects political noise and internal inspectors’ returns, especially after doubts about the 2025 budget numbers.
For the fourth of Mabank Chief Economist Christian, this real Monday suffered from the adjustments caused by internal reasons and the ULA’s attendance, some inconvenience with the announcement made by Finance Minister Fernando Haddad.
“Abroad, there is also an improvement in risk hunger with the possibility of low tariffs. The market has been badly adopted badly, they are not really bad.
The border also rehears out a strong growth and recorded a maximum R $ 5,7728 on the minister’s appearance. Haddad said it was “no change in a parameter or another framework, but he believed that the system was working” unchanged. ” Password for comments that the government can change tax objectives.
In a post on the social network X, the minister responded immediately and said that they had distorted his words. He reiterated that the structure of the framework and that he feels comfortable with the current parameters and strengthen them. There is only one mention of the possibility of changing the parameters “if the conditions change” in the future.
Haddad’s explanations made a place for dollar relief, which began working around R $ 5.73 in the morning. Throughout the afternoon, the US currency gained a little strength and surpassed 75 5.75 to the Ibovospa minimum.
The dollar rose 0.61% of the day quoted at $ 5,7524 after falling by 0.45% last week. Despite progress in the last three trading sessions, the US currency still reduces the value of 2.77% in March. During the year, it loses 6.92%.
The DXY index increased compared to the six -strong currency basket of the dollar Behavior thermometer, and once again exceeded 104,000 points, with a maximum of 104,444 points. Treasuries rates accelerated gains in the second phase of the business, and the 10-year T-note has crossed 4.30%.
In the afternoon, the president of the Federal Reserve (Fed, US Central Bank) of Atlanta Rafael Blast, this year, he had previously estimated two interest cuts by Fed this year, but in the wake of economic uncertainties, he only assessed a cut. Last week, after the US BC monetary policy meeting, the expectations of many Fed leaders, known as “Point Chart”, are two basic rate cuts by 2025.
In the coming days, Trump confirmed in the afternoon that he was overflowing, including cars, wood and chips. However, he pointed out that he “can give many breaks in tariffs from different countries” and “not all tariffs begin on April 2”.
Fronte Coretora Chief Economist Fabrigio believes that Trump’s unrealistic behavior contributes to business instability, trying to understand whether investors are tariff or negotiating with business partners.
“This is the concern that US operational and inflation will cause greater slowdown in inflation, the Fed will not reduce interest,” said the well in the last weeks of the high -carry trade, and resources from countries such as Mexico.
