The market was slow today and a little frozen.

The trend today is for some depreciation. Many investors will feel inclined to buy dollars.

This interest rate cut may create some temporary outflow of dollars.

The numbers favor the view that the U.S. will stop boosting rates.

Real-denominated debt rates are unlikely to fall until the central bank rates meetings in late January. As a result, you're going to see people selling some of dollars they bought in November and December to bet again on Brazilian debt.

Today the world is a big jungle.