The dollar in cash opened slightly higher this Wednesday, 22nd, while oil rose more than 3% amid the escalation of tensions between the United States and Iran. The DXY index operated close to stability, reflecting investors' caution in the face of the conflict in the Middle East.
Dollar opens on a positive trend with oil on the rise and US tariffs and interest rates on the radar
The dollar in cash opened slightly higher this Wednesday, 22nd, while oil rose more than 3% amid the escalation of tensions between the United States and Iran. The DXY index operated close to stability, reflecting...
Commodity futures contracts advanced after the 11th consecutive night of attacks by the United States against Iran, followed by new retaliations by Tehran against Washington's allies in the Gulf and threats to production shipping routes. Despite increasing concerns about the inflationary impacts of rising oil prices, the DXY index and Treasury yields remained close to stability.
In Brazil, the additional 25% tariff imposed by the United States on Brazilian products came into force this Wednesday. The market, however, remains attentive, mainly, to the possibility of the announcement, on Friday, the 24th, of a new tariff of 12.5%. The Brazilian government continues to meet with representatives of the affected sectors to discuss support measures, while awaiting clarification from American authorities on the next steps in trade policy.
Still in the morning, the Minister of Development, Industry, Commerce and Services (MDIC), Márcio Elias Rosa, stated that the Reciprocity Law does not give Brazil the right to lose its reason. In an interview with BandNews, he defended caution to avoid effects contrary to those intended.
With another day of the agenda empty of economic indicators, investors are following Vale's Extraordinary General Meeting (AGE), in addition to the release of Weg and Santander Brasil's balance sheets.
Abroad, attention also turns to the results of Alphabet, Tesla and IBM, while weekly oil stocks in the United States remain on the market's radar.
On Tuesday, the 21st, the dollar in cash fell 0.31% and closed the session at R$5.0737, at the lowest closing level since June 15th.
Alckmin says Lula government should not retaliate against US for tariffs
Vice-president states that Brazil will seek to correct what it considers an unfair measure without responding with new tariffs. Government negotiates with affected sectors, evaluates support measures and bets on opening markets to reduce impacts
Source: Noticias ao Minuto - Ultima Hora
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