INSUBCONTINENT EXCLUSIVE:
This marked a reversal after two consecutive sessions of gains for the US currency.The movement contrasted with global trends, where the
Dollar Index (DXY), which measures the dollar against six major currencies, rose 0.27% to 108.311 points by 5 p.m
inflation from 5.51% to 5.58%.Markets now await the January consumer price index (IPCA) data, expected to show a slight increase from
Globally, emerging market currencies, including the real, benefited from rising commodity prices, particularly iron ore and oil.Dollar Drops
to R$5.78 Amid Easing Concerns Over Trump Tariff Threats
(Photo Internet reproduction)This came despite renewed uncertainty over US trade policies after former President Donald Trump announced a
potential 25% tariff on steel and aluminum imports.The proposed measure could impact key US trading partners such as Brazil, Mexico, Canada,
Japan, and the European Union
Brazil would wait for formal decisions before commenting further, emphasizing the need to avoid reacting to preliminary statements.While
This was due to his recent pause on similar measures against Mexico and Canada.This shift in sentiment allowed emerging market currencies to
rally despite broader global dollar strength
currency performance in the coming weeks
Investors will closely monitor inflation data and developments in US trade policy for further guidance.
