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Dollar opens higher against the real, but loses strength after US PPI comes in below expectations

The dollar in cash opened this Thursday (13) on a high, with a maximum of R$ 5.19, but lost strength afterwards, after the producer price index (PPI, in its acronym in English) in the United States remained stable in July compared to June,...

Dollar opens higher against the real, but loses strength after US PPI comes in below expectations
365 Summary

In the annual comparison, the full index increased 4.7%, below expectations of 4.9%, while the core index rose 4.2%, in line with consensus. The data reinforced the relief in interest rates on Treasuries, whose yields remained at low levels after the release.

  • The DXY, an index that measures the dollar's performance against a basket of six strong currencies, operates in a slight decline, while the American currency does not show a defined...
  • Unemployment claims in the US also came in higher than expected, at 209,000 last week, compared to a forecast of 205,000.

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The dollar in cash opened this Thursday (13) on a high, with a maximum of R$ 5.19, but lost strength afterwards, after the producer price index (PPI, in its acronym in English) in the United States remained stable in July compared to June, below the expected increase of 0.1%. Core PPI rose 0.2% at the margin, compared to forecast 0.3%. In the annual comparison, the full index increased 4.7%, below expectations of 4.9%, while the core index rose 4.2%, in line with consensus.

The data reinforced the relief in interest rates on Treasuries, whose yields remained at low levels after the release. The DXY, an index that measures the dollar's performance against a basket of six strong currencies, operates in a slight decline, while the American currency does not show a defined direction against emerging currencies. Unemployment claims in the US also came in higher than expected, at 209,000 last week, compared to a forecast of 205,000.

In Brazil, the market also evaluates data from the Monthly Trade Survey (PMC) for June. Restricted retail sales rose 0.5% compared to May, in the seasonally adjusted series, above the median increase of 0.2% in Projeções Broadcast. In the annual comparison, there was an increase of 2.9%. Extended retail, which includes construction material, vehicles and food wholesale, fell 1.0% at the margin and increased 4.9% compared to June 2025.

The retail result comes after the stability of the volume of services in June, released on Wednesday, 12th, which also came in above expectations, but with a composition considered weaker. Activity data remains on investors' radar, amid bets on the Selic's trajectory and signs of a loss of dynamism in the economy throughout the second quarter.

Abroad, investors are also following negotiations involving the Strait of Hormuz, given the uncertainty about a possible reopening of the passage. Oil fell more than 2%, snapping a five-session rising streak, after US Department of Energy data showed an unexpected rise in crude oil inventories.

On Wednesday, 12th, the dollar in cash rose 0.37%, to R$5.1799, the highest closing value since July 2nd, accumulating an increase of 2.16% in August. The foreign exchange market remains attentive to the fiscal and electoral environment in Brazil, after the downgrade of the country's recommendation by JPMorgan and the latest round of electoral surveys contributed to the strong deterioration of domestic assets on Tuesday, 11.

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