The dollar retreats against the real as the market digests the Copom minutes

The dollar retreats against the real as the market digests the Copom minutes

The dollar fell against the real in early trading on Tuesday, as investors digested the minutes of the central bank’s latest monetary policy meeting, in which the municipality said the fiscal framework to be presented by the government did not a direct impact on inflation, but can improve expectations.

At 9:04 am (Brasilia time), the spot dollar was down 0.40%, to 5.1869 reais on sale.

On the B3, at 9:04 (Brasilia time), the first dollar futures contract fell by 0.24%, to 5.1920 reais.

The day before, the dollar in sight closed the day listed at 5.2075 reais for sale, down 0.82%.

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

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