Dollar surges against the real as US debt impasse and fiscal picture take center stage

Dollar surges against the real as US debt impasse and fiscal picture take center stage

The dollar opened higher against the real Wednesday as investors monitor negotiations to raise the US debt ceiling as they follow the course of the fiscal framework in the Brazilian Congress.

At 9:07 (Brasilia time), the spot dollar advanced 0.22%, to 4.9526 reais on sale. In B3, the dollar futures contract for the first month was up 0.23% to 4.9665 reais.

The day before, the dollar in sight closed the day listed at 4.9419 reais for sale, up 1.08%.

The Central Bank will hold an auction of up to 16,000 traditional foreign exchange rate swap contracts this trading session for rollover beyond the 3 July 2023 deadline.

Source: Terra

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