Depois\u00a0da\u00a0Super\u00a0Quarta,\u00a0com corte de\u00a0juros\u00a0pelo Federal Reserve (Fed) e\u00a0aumento\u00a0da\u00a0taxa\u00a0Selic pelo Banco Central (BC),\u00a0a\u00a0diferen\u00e7a\u00a0entre as taxas\u00a0dos\u00a0Estados\u00a0Unidos\u00a0e\u00a0do\u00a0Brasil\u00a0se\u00a0estendeu\u00a0ainda\u00a0mais\u00a0depois\u00a0de\u00a0mais de dois anos. A \u00faltima\u00a0alta\u00a0ocorreu\u00a0em agosto de 2022, quando o BC brasileiro fixou a Selic em 13,75%. A partir\u00a0desse\u00a0momento, a Selic\u00a0ficou\u00a0sem\u00a0efeito\u00a0por um ano, at\u00e9 agosto de 2023,\u00a0quando\u00a0come\u00e7ou\u00a0a cair.\u00a0A\u00a0taxa\u00a0dos\u00a0EUA\u00a0acaba\u00a0de\u00a0aumentar,\u00a0de 2%\u00a0para\u00a02,25% para 5,25%\u00a0para\u00a05,5%.\u00a0Dessa\u00a0forma,\u00a0a\u00a0diferen\u00e7a\u00a0entre as\u00a0al\u00edquotas\u00a0s\u00f3\u00a0\u00e9\u00a0reduzida.\u00a0Segundo\u00a0economistas,\u00a0o\u00a0principal efeito\u00a0do\u00a0aumento\u00a0da\u00a0diferen\u00e7a\u00a0dever\u00e1\u00a0ser a\u00a0valoriza\u00e7\u00e3o\u00a0do c\u00e2mbio do pa\u00eds\u00a0e,\u00a0consequentemente,\u00a0a\u00a0diminui\u00e7\u00e3o\u00a0da\u00a0infla\u00e7\u00e3o. Isso\u00a0ocorre\u00a0porque\u00a0se\u00a0espera\u00a0que\u00a0a taxa mais\u00a0alta\u00a0do\u00a0Brasil\u00a0atraia\u00a0moeda\u00a0para\u00a0os\u00a0ativos de renda fixa\u00a0do\u00a0pa\u00eds. \u201cO Banco Central\u00a0reclamou\u00a0que o c\u00e2mbio\u00a0estava\u00a0muito\u00a0subestimado\u00a0e acabou\u00a0provocando\u00a0infla\u00e7\u00e3o\u00a0porque\u00a0significa\u00a0que h\u00e1 mais\u00a0para\u00a0exportar\u00a0e\u00a0menos\u00a0energia\u00a0para importar. A expectativa \u00e9 que\u00a0a\u00a0verdade\u00a0seja\u00a0mais\u00a0valorizada\u201d,\u00a0diz\u00a0Gustavo Cruz, estrategista-chefe da RB\u00a0Investimentos\u00a0.
Na abertura dos mercados\u00a0desta\u00a0quinta-feira (19),\u00a0poucas\u00a0horas\u00a0depois\u00a0das\u00a0decis\u00f5es das autoridades monet\u00e1rias, o d\u00f3lar\u00a0caiu\u00a0mais de 1% frente ao real.\u00a0O\u00a0economista-chefe\u00a0da\u00a0MB Associados, S\u00e9rgio Vale reitera\u00a0que\u00a0em\u00a0geral\u00a0o aumento\u00a0do\u00a0spread\u00a0dos\u00a0juros leva\u00a0\u00e0\u00a0queda\u00a0da\u00a0taxa\u00a0de\u00a0c\u00e2mbio, mas acredita que no cen\u00e1rio\u00a0do\u00a0or\u00e7amento\u00a0atual\u00a0essa\u00a0diminui\u00e7\u00e3o\u00a0pode\u00a0ser\u00a0\u201climitada\u201d. \u201cIsso significa que o c\u00e2mbio ainda tende a\u00a0ficar\u00a0em\u00a0torno\u00a0de\u00a0R$ 5,40, acima do patamar\u00a0do\u00a0in\u00edcio\u00a0do\u00a0ano\u201d, disse.
Por outro lado, a alta da Selic\u00a0leva\u00a0inevitavelmente\u00a0a\u00a0investimentos\u00a0individuais\u00a0em\u00a0ativos de renda fixa do\u00a0pa\u00eds,\u00a0afastando\u00a0os\u00a0investimentos produtivos e\u00a0afetando\u00a0negativamente\u00a0o\u00a0mercado\u00a0de\u00a0a\u00e7\u00f5es.\u00a0Para Cruz, por\u00e9m,\u00a0a\u00a0margem\u00a0maior\u00a0pode\u00a0\u201cmitigar\u201d\u00a0esse\u00a0efeito.
\u201cOs\u00a0fluxos\u00a0de investimento\u00a0estrangeiro\u00a0podem\u00a0aumentar\u00a0porque h\u00e1 menos\u00a0alavancagem\u00a0para\u00a0atrair\u00a0dinheiro para o mercado\u00a0dos\u00a0EUA,\u00a0seja\u00a0atrav\u00e9s\u00a0de\u00a0rendimento\u00a0fixo\u00a0ou\u00a0do\u00a0mercado\u00a0de\u00a0a\u00e7\u00f5es.\u00a0Isso\u00a0poderia\u00a0aliviar\u00a0parte\u00a0do\u00a0impacto negativo\u00a0no\u00a0mercado\u00a0de\u00a0a\u00e7\u00f5es\u00a0aqui.\u00a0Mas \u00e9\u00a0um\u00a0facto\u00a0que\u00a0para\u00a0os\u00a0particulares\u00a0e\u00a0para\u00a0os\u00a0fundos de\u00a0pens\u00f5es\u00a0ser\u00e1\u00a0mais\u00a0sensato\u00a0investir em\u00a0t\u00edtulos\u00a0de\u00a0rendimento\u00a0fixo\u201d,\u00a0acrescentou.<\/p>\n","protected":false},"excerpt":{"rendered":"
Depois\u00a0da\u00a0Super\u00a0Quarta,\u00a0com corte de\u00a0juros\u00a0pelo Federal Reserve (Fed) e\u00a0aumento\u00a0da\u00a0taxa\u00a0Selic pelo Banco Central (BC),\u00a0a\u00a0diferen\u00e7a\u00a0entre as taxas\u00a0dos\u00a0Estados\u00a0Unidos\u00a0e\u00a0do\u00a0Brasil\u00a0se\u00a0estendeu\u00a0ainda\u00a0mais\u00a0depois\u00a0de\u00a0mais de dois anos. A \u00faltima\u00a0alta\u00a0ocorreu\u00a0em agosto de<\/p>\n","protected":false},"author":1,"featured_media":10756,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":[],"categories":[97],"tags":[583,680,679],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/noticiaemfoco.online\/index.php?rest_route=\/wp\/v2\/posts\/10755"}],"collection":[{"href":"https:\/\/noticiaemfoco.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noticiaemfoco.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noticiaemfoco.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/noticiaemfoco.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10755"}],"version-history":[{"count":1,"href":"https:\/\/noticiaemfoco.online\/index.php?rest_route=\/wp\/v2\/posts\/10755\/revisions"}],"predecessor-version":[{"id":10757,"href":"https:\/\/noticiaemfoco.online\/index.php?rest_route=\/wp\/v2\/posts\/10755\/revisions\/10757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noticiaemfoco.online\/index.php?rest_route=\/wp\/v2\/media\/10756"}],"wp:attachment":[{"href":"https:\/\/noticiaemfoco.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noticiaemfoco.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noticiaemfoco.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}