August 14, 2022

The Indie Toaster

Complete News World

Dollar rises 1.85%, Pelosi heads to Taiwan and BC meeting

oh Trade dollar advanced 1.94% to reach R$ 5.279 Today. The increase is due to US Speaker Nancy Pelosi’s visit to Taiwan and, as a result, heightened tensions between the North American country and China.

Chinese officials said the military would “simply not watch” Democrats visit the island — prompting a response from the White House.

“The United States must adhere to the one-China policy, the three Sino-US statements and pledges. Joe Biden does not support Taiwan’s independence,” Zhao Lijian, one of Beijing’s foreign ministry spokesmen, said yesterday.

Amid Chinese anger, four US warships, including an aircraft carrier, were deployed in waters east of Taiwan today.

While the main pressure is geopolitical tension, the Brazilian situation is also a factor in the dollar’s rise today, according to a report by PagBank’s research team.

Nationally, investors are on alert for the central bank’s Copom (Monetary Policy Committee) meeting, which began today with a new Selic level and a formal announcement on the base interest rate tomorrow.

Currently, SELIC stands at 13.25% per annum and the majority of the financial market expects a 0.50 percentage point increase in the base rate to 13.75% per annum.

Already IbovespaThe main index of the Brazilian stock market (B3), rose 1.11% to 103,361.70 points today.

Dollar value of daily publications included UOL, represents the commercial dollar. Great value for those who are going to travel and need to buy currency from exchange brokers.

*With Reuters and Agência Estado