The dollar appreciates in Brazil amid a resilient job market in the US.

The session began with the dollar showing global depreciation. The movement aligned with other markets where risk appetite appeared higher, especially in New York stock markets due to Nvidia’s results. However, still in the morning, the US dollar began to show strength and appreciated against most currencies, particularly after the release of US unemployment insurance data.

The total number of initial benefit claims amounted to 201,000 last week, while economists surveyed by The Wall Street Journal had expected a total of 216,000. The numbers reinforced the view that the job market in the US remains resilient.

Also today, more cautious comments from Philip Jefferson, Vice Chair of the Fed, may have helped dampen the search for emerging market currencies. According to the American central bank official, US interest rates will only be lowered when the economy evolves as expected by the Fed. He pointed out that stronger January CPI figures indicate that the deflation process will be turbulent.