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All eyes are on the participation of Finance Minister Fernando Haddad in the World Economic Forum.
At 9:06 am (Brasília time) this Monday (16), the commercial dollar was trading slightly higher by 0.18%, at R$ 5.1130. On Friday (13), the US currency advanced 0.10%, at R$ 5.1040 – however, the accumulated value for the week was a devaluation of 2.50%.
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The index (DXY) – an index that compares the strength of the dollar with the main world currencies – rose 0.09%.
The Central Bank (BC) recently released the Focus bulletin, with information regarding the last week.
The projection for the Broad Consumer Price Index (IPCA) for 2023 rose 0.03 percentage points to 5.39%. The estimate for 2024 remained at 3.70%.
The expected growth of the Gross Domestic Product (GDP) this year fell 0.01 pp, to 0.77%. The projection for GDP growth in 2024 remained at 1.50%.
The exchange rate is estimated to reach R$ 5.28 by the end of this year. In 2024, the value should be R$ 5.30.
By the end of 2023, the basic interest rate is expected to be 12.50% per year, an increase of 0.25 pp compared to the previous publication. For next year, the Selic is expected to be 9.25% per year.
Investors are following the participation of Finance Minister Fernando Haddad in the World Economic Forum, which starts today and runs until Friday (20), in Davos, Switzerland.
Abroad, the market operates with less volatility due to the Martin Luther King holiday in the United States.
In China, the Asian country will release data on Gross Domestic Product (GDP), industrial production and retail sales.
Source: datagro
