The dollar opened slightly higher on Monday, October 23, as investors processed U.S. President Donald Trump's commitment to impose a global tariff of 15% on all imported goods. This announcement followed a U.S. Supreme Court ruling that overturned previous tariffs imposed by Trump on several countries, which had exceeded 100%. Consequently, the American dollar rose by 0.16%, trading at R$ 5.1848. This shift in the currency comes after a decline of 0.99% on the previous Friday, indicating a volatile week for the dollar amid fluctuations in economic data.

The situation is further complicated by mixed economic performance from the U.S. wherein the GDP growth did not meet expectations, while inflation readings indicated an increase. As the afternoon progressed, the dollar’s decline intensified following the Supreme Court's decision. This resulted in a movement that benefitted emerging market assets, particularly the Brazilian real and the Ibovespa index, reflecting investor confidence in these markets in contrast to U.S. economic challenges.

Notably, the dollar's recent pricing levels are reminiscent of those last seen on May 28, 2024, marking a nearly 21-month span since it was last at this point. As discussions surrounding trade policies and tariffs continue, the implications for the dollar's value and the broader economic landscape remain significant, suggesting that both local and international investors will remain watchful of upcoming developments in U.S. trade policy.