US Dollar Down Before US Inflation Update

This Tuesday morning, the US dollar is experiencing a drop, mirroring trends in other emerging markets, as investors await news about inflation in the US.

Interest rates are also going down today. This is happening before a holiday in Brazil. The stock market there will be closed tomorrow.

Right now, the US dollar is worth R$ 4.90. This is 0.29% less than before. It’s 10 a.m. in Brasília.

Yesterday, the dollar closed at R$ 4.91. This was a tiny increase of 0.01%. The highest it was was R$ 4.94. The lowest was R$ 4.91.

This year, the Brazilian real has gotten stronger against the dollar. It’s up by 7.30%. On January 3rd, it was at its highest, R$ 5.46.

On July 31st, it was at its lowest, R$ 4.73. The average rate has been R$ 5.01.

The real is doing well this year. It’s third in a list of 23 emerging market currencies.

The best one this year is the Colombian peso. It’s up by 17.02%. The worst is the Argentine peso. It’s down by 97.58%.

Here’s how Latin American currencies are doing:

– The Colombian peso is up by 17.02%.
– The Peruvian sol is down by 0.08%.
– The Mexican peso is up by 9.69%.
– The Chilean peso is down by 8.57%.
– The Argentine peso is down by 97.58%.

The Ibovespa index fell a little yesterday. It went down by 0.13%. It ended at 120,568.14 points.

The best stocks yesterday were:

– Lojas Renner, up by 3.01%.
– Totvs, up by 2.83%.
– Petrobras PN, up by 2.79%.

The worst stocks were:

– Magazine Luiza, down by 3.89%.
– Grupo Casas Bahia, down by 3.85%.
– CVC Brasil, down by 3.62%.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error