The dollar registered a fall against the real this Friday, after rising for four consecutive days, with investors around the world hopeful about the gradual reopening of the world's main economies, such as the United States, after weeks of interruptions in activity in the face of the spread of the coronavirus.
At 10:03, the dollar fell 0.21%, to 5.2452 reais on sale, while the main dollar futures contract fell 0.10%, to 5.2435 reais.
“On the international scene, investors received the Chinese GDP figures with relative indifference (…), amid encouraging news from the USA that the central government and governors will open the economy gradually”, said in a note Ricardo Gomes da Silva , from Correparti Corretora.
US President Donald Trump proposed guidelines on Thursday under which states could act to restart the economy in a phased, three-step process.
The news lifted sentiment in international markets, which have been shaken by widespread disruptions in activity in response to the coronavirus, which likely led to a global recession.
In evidence of the impact of pandemic containment measures, China's economy contracted in the first quarter for the first time in the historical series, with its Gross Domestic Product falling 6.8% between January and March compared to the previous year.
Abroad, the day was one of widespread weakness in the dollar amid a recovery in risk sentiment. In a basket of 33 pairs, the US currency lost against 30 rivals. The Mexican peso, Turkish lira and South African rand, emerging currencies similar to the real, advanced between 0.20% and 0.60% against the dollar.
Meanwhile, the domestic scenario was marked by nervousness regarding the political climate. On Thursday, after dismissing Luiz Henrique Mandetta as minister of health, President Jair Bolsonaro accused the president of the Chamber, Rodrigo Maia (DEM-RJ), of leading the country into “chaos”, and suggested that there is interest of the deputy to remove him from office.
“Ministry of Health aside, the concrete fact is that the struggle between the Executive and Legislative branches in the search for a leading role in carrying out actions aimed at combating Covid-19 and its consequences should permeate the markets for a long period of time. ”, said Gomes da Silva.
Political tensions in the face of the coronavirus pandemic have been a source of attention for investors, contributing to pressure on the Brazilian currency, already damaged by a scenario of reduced investment and low interest rates.
The spot dollar closed the last session up 0.27%, at 5.2565 reais on sale.
Source: agrolink
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