Dollar rises and reaches R$ 5.40 on Friday marked by the formation of Ptax
Spot currency advances against the real, the November contract also rises and the market follows the end-of-month reference.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 2 MIN
The spot dollar rose against the real this Friday (30) and reached R$5.40, according to InfoMoney. The increase occurred on the day the end-of-month Ptax is formed, the reference price used at the end of the month.
At 9:10 am, the spot currency registered an increase of 0.24%, quoted at R$5,400 on sale. The quote panel consulted also showed buying and selling at R$5,400, with no time specified.
In the futures market, the contract for November advanced 0.30% on B3, at R$5.403. The two prices are just R$0.003 apart, and the two markets are heading in the same direction.
In practical terms, the session brings together two aligned signals: the appreciation of the dollar in cash and the rise in future maturity. Those who follow the exchange rate therefore have indicators pointing to the same movement.
With the formation of Ptax concentrated this Friday, the end of the month becomes the focus of the day. The reading for the next trading sessions will depend on how the price behaves until the end of the formation period.
What changes for the investor
A more expensive currency tends to make inputs and imports more expensive, which weighs on companies that depend on purchases abroad and can put pressure on domestic prices. On the other hand, exporters and companies with revenue in dollars tend to benefit, and on the stock market the effect tends to appear on a sectoral basis. This Friday's data does not allow us to project the exchange rate trajectory, and the end-of-month Ptax may concentrate specific fluctuations. Investors must monitor the closing of the spot currency and the behavior of the futures contract before drawing conclusions.
Automatically translated from Portuguese.
