Dollar drops 0.53% and closes at R$ 5.565; Scholarship has 3rd consecutive discharge

The commercial dollar dropped 0.53% and ended the day quoted at R$ 5.565 on sale, in a movement in line with an improvement in the interest and stock markets, on a day without the reference of business in the United States, closed for the Share holiday of Thanks. This is the second consecutive fall for the currency, which closed yesterday at R$ 5.595.

The Ibovespa closed higher for the third consecutive day, and rose 1.24% to 105,811.25 points.

The dollar value reported daily by the press, including the UOL, refers to the commercial dollar. For those who are traveling and need to buy currency from exchange brokers, the value is much higher.

IPCA Disclosure

With the US market closed following a busy day abroad, investors are turning to the local scene today. The IPCA-15 rose 1.17% in November, released the IBGE (Brazilian Institute of Geography and Statistics). This is the highest rate for a month of November since 2002. In the previous measurement, in October, the indicator increased 1.2%.

“Second consecutive month of surprise in the IPCA-15, with the rise in core measures accompanied by the Central Bank, could put greater pressure on the next Copom decision, in December,” wrote analysts at BTG Pactual Digital including Álvaro Frasson.

On the fiscal front, investors are on the lookout for any news about the Precatório PEC, which should be voted on in a committee in the Senate next week. For Flávio Conde, head of variable income at Levante, despite the solution not being the one expected by the market, as he has no indication of where the revenue will come from, for example, for a permanent Auxílio Brasil, “there is a feeling in the market that this soap opera (PEC) is near the end.”

*With Reuters