Projections regarding Brazil’s Extended National Consumer Price Index (IPCA) moved up for the second straight week, to 4.28%.
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The North American currency ended this Friday at BRL 4.05, down 0.59% over the previous day.
The North American currency’s value dropped 1.27% this Thursday, the second straight day of decline.
The North American currency slid 0.69% this Friday after having reached a record high on Thursday.
The North American currency rose 1.21% this Thursday and ended the day at BRL 4.196, the highest nominal value since the launch of Plano Real, in 1994.
The United States currency gained 1.48% this Tuesday after sliding for three straight trading days.
Financial institutions predicted a 1.40% growth for the Brazilian economy this year, below last week’s forecast.
The North American currency dropped 0.95% this Thursday. However, in the week, it has gone up 0.78%.
The North American currency ended this Monday at BRL 4.152.
In a survey by the Brazilian Central Bank (BC), financial institutions revised down their forecast for the expansion of the Brazilian economy in 2018, from 1.47% to 1.44%.
The North American currency, for a period, had surpassed BRL 4.20 this Thursday. The Brazilian Central Bank (BC) sold USD 1.5 billion worth of currency swaps.
The North American currency ended this Tuesday at BRL 4.14, up 1.48% over the previous day.
The Brazilian Central Bank’s weekly survey shows that financial institutions expect a 1.47% growth for the Brazilian economy this year. Last week, the banks’ GDP forecast stood at 1.49%. The inflation forecast was revised up.
The United States currency closed at BRL 4.056 this Wednesday, up 0.46% from Tuesday.
