On Thursday morning, the US dollar rose by 0.12% against the Brazilian real, opening at R$ 5.1307. This increase comes as geopolitical tensions loom over negotiations between US President Donald Trump and Iran, with a potential military strike on the table based on the outcomes of the discussions expected to take place that day. Investors are closely monitoring these developments due to their possible repercussions on the market.

Despite the increasing strength of the dollar, international oil prices fell, with Brent crude dropping 1.31% to $69.91 per barrel, and WTI declining 1.59% to $64.37. These fluctuations reflect a cautious market atmosphere as investors speculate on the effects of US-Iran relations on oil supply and demand, highlighting the interconnected nature of global economics and geopolitics. Consequently, Brazilian investors are focusing on international news while navigating a relatively quiet domestic economic indicators landscape.

Additionally, the US Labor Department is expected to release initial jobless claims, with projections estimating an increase from the previous week’s figures. Such economic indicators will be crucial in shaping market sentiment, particularly as domestic developments in Brazil remain subdued. The combination of local market dynamics and international geopolitical developments underscores the delicate balance investors must maintain in their portfolios during uncertain times.