Dollar rises and closes at R$3.296, the highest price in 4 months
The day after the reduction of government fiscal effort target, the dollar price has had a sharp rise and closed at the highest price of the last four months. The commercial dollar has risen 2.17% and closed on Thursday (July 23) sold at R$3.296. The quotation has reached its highest level since March 19 (R $ 3.297).
Some external factors have contributed to dollar appreciation, in addition to the announcement of the primary surplus target reduction to 0.15% of GDP, and the increase in the budget cuts, made on the eve by the Finance Minister Joaquim Levy and Planning Minister Nelson Barbosa.
In the US, the publication of the number of workers filling applications for jobless benefits has fallen to the lowest level since 1973 last week. For investors, this indicates the recovery of the US economy, which makes room for the Federal Reserve to rise interest rates this year. Higher US interest rates attract capital to developed countries, affecting emerging economies, including Brazil.
* With additional information by Agência Lusa
Translated by Amarílis Anchieta
Fonte: Dollar rises and closes at R$3.296, the highest price in 4 months
