Market Reports

Dollar Rises to R$5.47 Ahead of Inflation Data in Brazil and US

By RT Staff Reporters · July 8, 2024 · 2 min read

On Monday, July 8, 2024, the dollar increased, closing at R$5.476 after three sessions of decline.

Investors eagerly await inflation data from Brazil and the United States, looking for clues about future monetary policy.

The day saw significant volatility, influenced by federal comments on fiscal conditions and a softer stance on spending cuts.

The commercial dollar rose 0.25%, ending at R$5.475 for buying and R$5.476 for selling. The futures contract for August increased by 0.22%, reaching 5,487 points.

Last Friday, the dollar closed at R$5.4627, marking a 0.43% drop. Over the week, the currency had seen a 2.27% decrease.

Dollar Weakens After Fed Holds Rates, Boosting Brazil's Outlook — Dollar Rises to R$5.47 Ahead of Inflation Data in Brazil and US. (Photo Internet reproduction)

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Monday’s trading session broke a three-day losing streak for the dollar. Modest gains came as investors anticipated statements from Federal Reserve Chair Jerome Powell and key inflation reports.

Ahead of São Paulo’s holiday on Tuesday, market liquidity was lower, with the dollar’s slight increase bringing its value to R$5.4769. The dollar has risen by 12.89% since the beginning of 2024.

Last week’s fluctuations resulted from market skepticism about public finances and President Lula’s monetary policy criticisms.

These concerns eased recently, and by Friday, the dollar had a weekly decline of 2.27%.

Upcoming Economic Data and Market Dynamics

This week focuses on economic data from Brazil and the U.S. Jerome Powell will testify before the Senate on Tuesday and the House on Wednesday, potentially revealing future U.S. monetary policy.

Brazil’s June inflation index (IPCA) will be released on Wednesday, followed by the U.S. Consumer Price Index (CPI) on Thursday and the Producer Price Index (PPI) on Friday.

The Central Bank‘s Focus Report showed the median market projection for the 2024 IPCA increased from 4.00% to 4.02%.

The projected exchange rate for the end of 2024 and 2025 remains at R$5.20. These figures highlight the interconnected nature of global economic indicators and their impact on currency markets.

Understanding these dynamics is crucial as they affect not just investors but also broader economic stability and planning.

These dynamics influence everything from import prices to inflation expectations globally.

Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Brazil — Live Market Board

B3 · São Paulo
Jul 23, 2026 · 13:42

Ibovespa · benchmark

176,501.85
-0.59%

L 176,293day rangeH 177,896

+30.51% over 12 months

Market breadth · 15 names

33% advancing

5 ▲ advancing10 declining ▼

Currencies, rates & key inputs

USD / BRL

5.08

+0.58%

EUR / BRL

5.78

-0.25%

Selic rate

14.25%

·

Brent crude

100.21

+6.53%

Iron ore

161.91

·

Sector heatmap · average move today

Energy

+1.83%

PETR4, PRIO3

Mining

+0.68%

VALE3, CSNA3, GGBR4

Financials

-1.29%

ITUB4, BBDC4, BBAS3, B3SA3

Consumer Staples

-1.30%

ABEV3

Materials

-1.36%

SUZB3

Consumer Disc.

-1.57%

AZZA3

Utilities

-1.58%

ENEV3

Industrials

-2.00%

WEGE3, RENT3

Latin America scoreboard

IndexLastTodayStrength

IbovespaBrazil
176,501.85
-0.59%

S&P/BMV IPCMexico
67,298.78
+0.88%

S&P IPSAChile
10,959.17
-0.45%

S&P MERVALArgentina
3,356,435
-0.69%

MSCI COLCAPColombia
2,313.99
+0.74%

BVL S&P PerúPeru
57,575.02
—

Full instrument board

Instrument	Last	Change	YoY	Prev.	High	Low	Volume
IBOV	176,501.85	-0.59%	+30.51%	177,547.57	177,896	176,293	—
USD/BRL	5.08	+0.58%	-8.63%	5.05	5.09	5.04	—
SELIC	14.25%		—	—	—	—	—
PETR4	43.18	+1.41%	+35.10%	42.58	43.49	43.10	13,364,800
VALE3	76.22	+1.49%	+32.67%	75.10	77.07	74.51	8,919,900
ITUB4	42.38	-1.21%	+23.37%	42.90	42.87	42.32	13,853,600
BBDC4	18.75	-1.16%	+18.07%	18.97	18.99	18.68	8,786,300
BBAS3	20.91	-0.85%	+3.41%	21.09	21.08	20.78	12,509,500
B3SA3	15.59	-1.95%	+16.36%	15.90	15.82	15.58	18,436,600
ABEV3	15.92	-1.30%	+17.22%	16.13	16.11	15.88	7,888,700
WEGE3	45.16	-3.38%	+18.73%	46.74	46.86	44.68	8,232,600
PRIO3	61.11	+2.24%	+43.84%	59.77	61.35	60.56	3,454,100
SUZB3	42.08	-1.36%	-18.69%	42.66	42.82	42.06	991,400
RENT3	36.91	-0.62%	+1.99%	37.14	37.19	36.03	9,757,100
AZZA3	17.53	-1.57%	-52.75%	17.81	17.71	17.23	1,118,500
CSNA3	5.40	+0.37%	-38.54%	5.38	5.61	5.32	6,813,500
GGBR4	24.10	+0.17%	+39.90%	24.06	24.41	23.83	2,778,500
ENEV3	25.56	-1.58%	+82.77%	25.97	25.80	25.45	1,481,100

Largest moves today

WEGE3
45.16
-3.38%

PRIO3
61.11
+2.24%

B3SA3
15.59
-1.95%

ENEV3
25.56
-1.58%

AZZA3
17.53
-1.57%

VALE3
76.22
+1.49%

PETR4
43.18
+1.41%

SUZB3
42.08
-1.36%

The session read

The Ibovespa eased 0.59%, with breadth negative — 5 of 15 names higher. Energy led, while Industrials lagged.

From The Rio Times

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Dollar Rises to R$5.47 Ahead of Inflation Data in Brazil and US

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Upcoming Economic Data and Market Dynamics

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