After Accumulating High Week, Dollar Closes Down on Friday at R$5.63

This Friday, the 7th , the dollar closed lower, returning to below 5.70 reais, but ended the first week of 2022 higher, after weaker-than-expected employment data from the United States. The currency fell 0.65%, at 5.6790 reais on sale.

In the US, job creation was lower than expected in December, amid shortages of workers, and employment gains may remain subdued in the short term as rising Covid-19 infections take a toll on economic activity. 199,000 jobs were created outside the agricultural sector last month. The unemployment rate dropped to 3.9%, from 4.2% in November, underscoring the tightening of labor market conditions.

Meanwhile, in Brazil, the IBGE announced that the Brazilian industrial production fell by 0.2% in November in the monthly comparison, in the sixth consecutive monthly retraction. FGV announced that the employment trend indicator dropped 1.2 points in December, to 81.8 points, in the second consecutive month of decline. According to FGV, the result reflects the slowdown in the economy at the end of 2021.

Doing a quick look back on December numbers, on Monday, December 20th, the US currency hit R$5.79, the third highest price in 2021, and from Tuesday, the 21st, it fell consecutively until Thursday, the 23rd of December (there was no session on Friday, the 24th). On Monday, the 27th, it was R$5.63 for the last session of 2021, on Thursday, the 30th, to close the year at R$5.57.

The dollar started the year 2021 at R$5.21, on March 9 it reached its highest price until then, reaching R$5.84, and on March 29 it reached R$5.77 (second highest price of the year). And in the middle of the last week of June it hit the lowest price of the year quoted at less than R$4.90.

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