INSUBCONTINENT EXCLUSIVE:
The US dollar climbed to R$5.84 this morning, extending its rally amid global trade tensions and domestic market shifts.On Thursday, the
currency closed at R$5.8293, up 0.47% for the day, according to Money Times
tariff announcements, which rattled global markets
Trump confirmed that a 25% tariff on European goods and a 10% tariff on Chinese imports would take effect on March 4.These measures
heightened fears of escalating trade barriers, prompting investors to seek safety in the dollar
The Ibovespa index edged up 0.09%, closing at 124,882 points despite external pressures and falling commodity prices.The real fluctuated
throughout the day, hitting an intraday low of R$5.7963 before peaking at R$5.8387 in the afternoon
(Photo Internet reproduction)While this highlights economic resilience, it also raises speculation about further interest rate hikes by
Globally, the US Dollar Index rose to 107.25 points on Thursday, supported by strong US economic data and increased consumer
spending.Brazilian Real Under Pressure Amid Dollar StrengthThis broader dollar strength added pressure on emerging market currencies like
the real, which remain vulnerable to external shocks
Technical analysis indicates that USD/BRL faces resistance at R$5.85 and support near R$5.78.The Relative Strength Index remains neutral at
51.36, suggesting no immediate overbought or oversold conditions
Emerging market ETFs recorded net outflows as investors reduced exposure to riskier assets amid rising global uncertainties and expectations
of higher US interest rates.Analysts predict USD/BRL will trade between R$5.75 and R$5.85 today
strength, global trade tensions and dollar dominance pose challenges
These factors continue to weigh on the real in an increasingly volatile environment.
