The dollar retreats against the real after the harsh tones of the Copom

The dollar retreats against the real after the harsh tones of the Copom

The dollar fell against the real in early Thursday trading, after the Central Bank kept the Selic rate at a high of 13.75% the day before and gave no indications of wanting to cut it soon, adopting a tough tone even in the face to government criticism of the interest rate.

At 9:08 (Brasilia time), the spot dollar was down 0.32%, to 5.2197 reais on sale. On B3, the dollar futures contract for the first month fell 0.44%, to 5.2280 reais.

The day before, the spot dollar ended the day trading at 5.2364 reais for sale, down 0.17%.

The Central Bank will hold an auction of up to 16,000 traditional foreign exchange rate swap contracts this trading session with a view to rolling over the 2 May 2023 deadline.

Source: Terra

You may also like