Brasília – On the day the Federal Reserve (Fed) – the United States’ Central Bank – has confirmed the easing of economic stimulus, the US dollar has closed above R$ 2.35 for the first time in six months. At the end of the trading day, the commercial dollar was selling for R$ 2.3576, the highest price since March 14th’s R$ 2.3516. This Wednesday (17) alone, the price of US currency went up by almost R$ 0.03, a 1.24% increase. The dollar-to-real ratio is up 0.96% week-to-date and 5.3% month-to-date.
Despite being bullish most of the day, the dollar skyrocketed following the release of the Fed’s meeting statement. In it, 14 of the 16 members of the Federal Open Market Committee signalled that interest rates may go up as of early 2015 in the US at a faster pace than previously estimated in June.
*Translated by Gabriel Pomerancblum
