About us
Solutions
Products
Content
Por
In a week packed with events and indicators, our exchange rate hovered near the levels seen last week. Despite the uncertainty surrounding the evolving conflict in the Middle East, the exchange rate held up relatively well here. High oil prices and expectations of a high terminal Selic rate (2026) are the main factors keeping the exchange rate at this level. Furthermore, the more hawkish tone adopted by the Central Bank throughout the week—reiterating its commitment to the inflation target and expressing discomfort with longer-term expectations—helped support the real by reducing the risk premium demanded by investors. Externally, the global dollar offered neither relief nor significant pressure, allowing domestic fundamentals to take the lead. The result was a week of relative exchange rate stability, which, given the level of noise in the international landscape, can be read as a positive sign regarding the market's positioning toward Brazil.
Meanwhile, the yield curve remained under pressure, reflecting a set of data and signals that reinforce a scenario of resilient inflation. The May IPCA-15 came in above market expectations, pushing the 12-month cumulative figure to 4.64%—above the target ceiling for the first time this year—which kept the market focused on the trajectory of the full June IPCA. In the same vein, the labor market provided strong data, with an unemployment rate lower than expected, signaling a labor market that remains hot and tends to sustain pressure on service prices. With inflation above the ceiling and firm employment, there was no adjustment in interest rate bets toward additional cuts beyond what is already priced in, and the Central Bank's hawkish tone throughout the week corroborated this reading.
A summary of the main events of each day that may influence the exchange rate, all in less than 1 minute.
Listen nowThe Ouribank Group does not offer loans, credit or debit cards, and does not request or take responsibility for payments of bank slips or deposits into current accounts held by beneficiaries other than Ouribank S.A. Banco Múltiplo and Ouribank Group companies.
Be alert to any unusual practices for credit approval, such as advance payments. Be suspicious of emails that do not come from Ouribank, for example: @outlook, @gmail, @hotmail, etc., or messages via WhatsApp, Facebook, Instagram, and Telegram, or calls from third parties.
If you have any questions, please contact us at: 0800-771-4342 or (11) 4081-4444
Ouribank
CNPJ No. 78,632,767/0001-20
Ouribank Building
Av. Paulista, No. 1,728 - overstore, 1st, 2nd, 3rd, 4th, 5th, 7th and 11th floors
Bela Vista Zip Code - 01310-919
São Paulo - SP
Phone: (11) 4081-4444
Hearing Impaired Care:
(11) 3171-3003
P
Tamer Comunicação Empresarial
+ 5511 99602-1317
Gustavo Girotto
gugirotto@tamer.com.br
Ana Carolina Saito ana.saito@tamer.com.br
Social Media
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.png)
.webp)
.webp)
.webp)
.webp)
.webp)
.webp)
.webp)
.webp)
.webp)
.webp)
