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© Reuters. (Blank headline received)By Luana Maria Benedito
SAO PAULO (Reuters) – The dollar accelerated the decline against the real by more than 1% on Thursday, with investor reaction and a $ 2.3 trillion measure of economic support from the Federal Reserve.
The number of Americans applying for unemployment benefits in the past three weeks has exceeded 15 million, with new claims exceeding 6 million for the second consecutive week last week, as stringent measures to control the coronavirus outbreak suspend the country activity.
“Although it was above expectations, the figure was below the previous figure. The unemployment curve may be declining,” Jefferson Laatus, a founding partner of the Laatus group, told Reuters. “This, with the decrease in (coronavirus) cases, can improve market sentiment.”
Additionally, the Federal Reserve on Thursday made a comprehensive $ 2.3 trillion effort to assist local governments and small and medium-sized businesses in their latest move to keep the U.S. economy intact as the country faces a coronavirus pandemic. .
“It encouraged the markets and could withstand (upward) pressure from the dollar,” said Laatus, who also cited expectations around a speech by Fed President Jerome Powell, scheduled for 11 am Thursday.
An OPEC + meeting on Thursday, to discuss cuts in oil production, is also on investors’ radar, Laatus said.
In a statement, XP Investimentos said that “the expectation is that nations reach an agreement to reduce from 10 to 15 million barrels per day, the largest in history.” “However, debates over the benchmark level of cuts, pressure on possible US involvement and the effectiveness of cuts in the face of collapsing global demand raise questions about the effectiveness of a deal today.”
At 10:37, it decreased 1.12% to 5.0857 reais in the sale. At the low of the day, the dollar fell to 5.0753 reais.
In B3, the future dollar fell 0.78% to 5,905 reais.
Abroad, the US currency lost against most risky currencies, falling more than 1% against the Mexican peso, the South African rand and the Australian dollar, pairs of the real. The dollar index against a basket of strong currencies fell 0.6%.
This Thursday, the Central Bank will auction up to 10,000 traditional currency exchange contracts again to renew in May.
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