Dollar reverses and starts to fall, with an eye on oil and tensions in the Middle East

Understand what makes the price of the dollar rise or fall The dollar reversed the positive signal seen in the first hour of trading and began to fall this Wednesday (8), with a decline of 0.14% close to 10 am, quoted at R$ 5.1448. Ibovespa, the main index on the Brazilian stock exchange, was in a practically stable decline at the same time, at 172,016 points. ?? Do you have any reporting suggestions? Send it to g1 ?? The new escalation of tensions in the Middle East takes center stage this Wednesday. On Monday (6), two commercial ships and an oil tanker were hit by missiles in the Strait of Hormuz region, according to the British maritime agency UKMTO. According to the American website Axios, the bombing was carried out by Iran. In response, the United States attacked more than 80 military targets in the country. The attacks once again raise questions about the effectiveness of the ceasefire agreed between Washington and Tehran and raise concerns about a new interruption in traffic through the Strait, affecting oil prices. (understand more below) ?? On the economic agenda, the highlight is the minutes of the last interest rate meeting of the Federal Open Market Committee (Fomc, its acronym in English), of the Federal Reserve (Fed, the American central bank). The document, scheduled to be released in the afternoon, should bring clearer signals about the interest rate policy of the institution's new president, Kevin Warsh. See below for more details on the day at the market. ?Dollar

a Accumulated for the week: -0.31%; Accumulated for the month: -0.21%; Accumulated for the year: -6.13%. ?Ibovespa

Accumulated for the week: -1.18%; Accumulated for the month: +0.00%; Accumulated for the year: +6.76%. Tensions in the Middle East affect oil prices The ceasefire agreed between the United States and Iran is once again in the spotlight, after two commercial ships and an oil tanker were hit by missiles in the Strait of Hormuz last Monday (6). “An oil tanker reported being hit by an unknown projectile on the port side, which caused a fire, whilst sailing southwards,” the UKMTO wrote in a statement. After the attacks, American President Donald Trump stated that the peace agreement signed with Iran is "over" and that he no longer wants dialogue with Tehran. The speeches took place during an interview with journalists in Ankara, capital of Türkiye, before the North Atlantic Treaty Organization (NATO) summit. "For me, I think [the peace agreement] is over. I don't want to deal with them [Iran] anymore. They're scum, they're led by sick people, and they're an evil, violent people. (...) I'll talk to my negotiators, but it's a waste of time dealing with them. As far as I know, it's over," Trump said when asked if the agreement was "dead." On Tuesday (7), Iran's foreign minister, Abbas Araqchi, had already criticized Trump, stating that there would be no more peace talks unless the American leader ceased his threats to restart the war. According to Araqchi, the statements violate the terms of the memorandum of understanding reached last month to suspend the war. With the escalation of tensions, oil prices rose again this Wednesday. Around 9:10 am, a barrel of Brent, an international reference, rose 5.10%, quoted at US$77.94. West Texas Intermediate (WTI), from the USA, rose 4.94%, to US$ 73.92 per barrel. Global markets Amid tensions in the Middle East, Wall Street's main futures indexes were falling this Wednesday. Close to 9 am, Dow Jones futures were down 1.34%, while S&P 500 futures were down 1.06% and Nasdaq Composite futures were down 1.55%. In Europe, the day was also negative for financial markets. Among the main indices in the region, Germany's DAX lost 1.80% at the same time, while France's CAC-40 fell 1.75% and the United Kingdom's FTSE 100 fell 1.17%. In Asia, the stock exchanges closed mixed, still impacted by shares in the technology sector and awaiting the minutes of the last Fed meeting. The CSI 300, which brings together the largest companies in Shanghai and Shenzen, fell 0.77%, while the Shanghai index, the SSEC, lost 0.49%. In Japan, the Nikkei index fell 2.11%, while the Kospi, from South Korea, fell 5.35% and the Hang Seng, from Hong Kong, rose 2.99%. *With information from Reuters news agency. Real and dollar banknotes Amanda Perobelli/ Reuters

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