He Brazilian real Record important profits on Friday against the US dollar after closing yesterday with losses.
The price of USD/BRL opened the last day of the week testing a daily maximum in 5,8096 and then falling to a Minimum of eight days in 5,7402.
The USD/BRL quotes at the moment about 5,7402, and loses 1.05% in what we have been working on.
Brazil economic data that improve expectations
This Friday several Brazilian economic data were published that improved market forecasts, reinforcing the Brazilian real.
Brazil’s retail sales fell 0.1% in January after descending 0.,% In Decemberimproving the decrease of 0.2% expected. This is the third month of consecutive descent for the indicator, but also the most moderate.
The Brazilian budget surplus rose to 104,096b of dollars in January from the previous 15,745b.
Finally, the balance of the nominal budget was 63,737b of dollars in January from the previous -80.372b, improving the estimated 35.3b.
The Lula da Silva government did not announce reprisals against tariffs of 25% on steel and aluminum imposed by the United States. As a second EE.U. steel exporter, the Brazilian position focuses on reaching an agreement, as the Minister of Finance, Fernando Haddad, stated on Wednesday.
Source: Ambito
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