2023-06-13 15:02:53
The initial adjustments this Tuesday, 13, were narrow after the cut of short-term interest rates by the Central Bank of China
The dollar fell after the US CPI in May broadly in line with market forecasts. Before the indicator, the American currency fluctuated without a single direction against the real.
The initial adjustments this Tuesday, 13, were narrow after the cut of short-term interest rates by the Central Bank of China and expectations of new stimuli to support the country’s economy. The US consumer inflation (CPI) data for May was released, which came in generally as forecast by analysts. The CPI rose 0.1% in May compared to April, and the annual rate slowed to 4.0%. Still on the radar is the Federal Reserve interest rate decision, tomorrow.
Outside, the dollar extends its fall against the euro, pound and yen and still adopts a generalized fall in front of emerging currencies, for bets on a break from the Fed tomorrow.
The pound strengthens against the US currency after falling unemployment in the UK increases pressure on the Bank of England (BoE) to raise interest rates at a monetary meeting next week.
Earlier, industrial production fell in 10 of the 15 locations surveyed in April compared to March in Brazil, according to data from the Monthly Industrial Survey – Regional Physical Production, released by the Brazilian Institute of Geography and Statistics (IBGE). In São Paulo, the country’s largest industrial park, there was a drop of 0.2%. In the global average, the national industry fell 0.6% in April compared to March.
The National Supply Company (Conab) reported that Brazilian grain production in the 2022/23 harvest should reach a record 315.83 million tons, which corresponds to an increase of 15.8% (or more 43.2 million t) compared to the previous season (272.65 million t). In relation to the previous estimate, in May, the performance represents growth of 0.6%, or 1.96 million tons, shows the 9th Grain Harvest Survey. According to the document, the area destined for planting shows a growth of 4.8% in relation to the 2021/22 cycle, being estimated at 78.1 million hectares.
At 9:33 am this Tuesday, the dollar in sight fell 0.20%, to R$ 4.8561. At the lowest, it registered R$ 4.8526 (-0.29%) and at the highest, at R$ 4.8706 (+0.08%). The July dollar retreated 0.16%, to R$ 4.8735.
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