December 4 will see the termination of the mechanism guaranteeing that foreign investors could pull out their money in dollars after selling their investments in Egyptian securities. The move could allow more volatility for the Egyptian pound.
Browsing: foreign exchange rate
Estimate by Brazilian banks points to a 3.94% rate for the Extended National Consumer Price Index (IPCA) this year, down from the forecast of 4.13% of last week.
The financial market forecasts a 4.40% inflation rate for Brazil this year. Last week, the forecast was 4.43%.
The North American currency climbed 1.51% this Monday and ended the day at BRL 3.71.
Brazilians spent USD 1.1 billion abroad in September, way below the figure registered in the same month of 2017.
The North American currency ended this Thursday at BRL 3.72, going up 1.11% over the previous day.
Financial institutions are expecting prices to increase 4.4% this year. Last week’s forecast pointed to a 4.3% inflation rate.
Dollar outflow in Brazil surpassed inflow in more than USD 6 billion in September.
The forecast made by financial institutions for the inflation rate in Brazil went from 4.28%, last week’s estimate, to 4.3% this week. It was the third straight increase.
Spending on foreign trips totaled USD 1.382 billion. The decline occurred due to the dollar’s appreciation against the real.
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.
