Dollar opens falling after Copom reduces interest rates to the lowest level since March 2025

a Accumulated for the week: +1.15%; Accumulated for the month: +1.15%; Accumulated for the year: -6.57%. ?Ibovespa

Accumulated for the week: 0%; Accumulated for the week: -0.15%; Accumulated for the month: -0.15%; Accumulated for the year: +10.30%. Copom takes Selic to its lowest level in more than a year The Copom decided, this Wednesday (5), to reduce the economy's basic interest rate by 0.25 percentage points, taking the Selic from 14.25% to 14% per year. This is the fourth consecutive rate cut. The decision was unanimous. Brazil continues to have the highest real interest rate in the world; see ranking In the statement, Copom stated that the decision is in line with the objective of bringing inflation back close to the target. According to the committee, the measure also helps to reduce fluctuations in economic activity and stimulate job creation. The Copom also said that the international scenario remains uncertain, amid conflicts in the Middle East and doubts about the next steps taken by central banks in developed countries. For the committee, this environment requires caution from emerging countries. The board also reinforced that the next decisions on interest rates will depend on the evolution of the economy and the behavior of inflation. According to the BC, the total size of adjustments to the basic rate will be defined based on data that is released from now on, to ensure that inflation returns to the target. The decision comes just a week after the Federal Reserve (Fed, the American central bank) decided to keep American basic rates unchanged in the range of 3.50% to 3.75%, and was already expected by the financial market. The projection is that the Selic will end the year at 13.75% per year, which presupposes another cut at the November meeting. Agreement between the US and Iran may be close Iran said, on Wednesday (5), that it had reached an agreement with Oman on the division and administration of the Strait of Hormuz and the shipping route. According to the country's Ministry of Foreign Affairs, negotiators from both sides are finalizing the details of the joint administration of the passage and control of vessel traffic. "The geographic coordinates of the route proposed by the two countries have already been defined. If there is no interference from third parties, the joint declaration, which will bring together the main points of consensus and agreed considerations, is also in the final stage of review and drafting," said spokesperson Esmaeil Baqaei. Baghaei added, however, that a possible agreement between Iran and Oman would not be sufficient, in itself, to guarantee security in the maritime passage. The impasse remains linked to the American blockade of Iranian ports and the United States' opposition to Iranian tolls or authorizations. The proposal foresees a new arrangement for the transit of ships, different from the routes used before the war. The vessels will enter the Persian Gulf through a route under Iranian control and then exit through a passage controlled by Oman. Oman has also proposed a regional joint management mechanism, with voluntary contributions from shipping companies to cover security, environmental protection and rescue services. In the same speech, the chancellor also denied that Iran had negotiation sessions with the United States. The speech contradicts the most recent statements from Donald Trump's government, which last Tuesday (4) said that there is progress in negotiations on the reopening of the Strait of Hormuz, but there is still no agreement reached. Amid the uncertainties, oil rose this Thursday. Global stock markets In Asia, markets closed mixed this Thursday, as higher gold prices boosted metal-related stocks and offset a decline in technology stocks. The CSI 300, which brings together the largest companies listed in Shanghai and Shenzen, fell 0.2%, while the Shanghai index, the SSEC, rose 0.6%. Hong Kong's Hang Seng fell 1.5% and Japan's Nikkei lost 0.93%, while South Korea's Kospi fell 4.58%. *With information from Reuters news agency. Dollar bills. Luisa Gonzalez/Reuters