The dollar opened the first trading session of 2024 with little change against the real, after racking up steep losses in the final two weeks of last year as investors monitored expectations of falling interest rates in major economies.
At 9:09 am (Brasilia time) this Tuesday, the cash dollar fell 0.04% to 4.8550 reais on sale. On B3, as of 9:09 a.m. (Brasilia time), the front-month dollar futures contract rose 0.06% to 4.8700 reais.
The North American currency closed the final session of last year up 0.39%, at 4.8516 reais on sale, but has accumulated a decline of 8.08% in 2023, the sharpest annual decline since the decline of 17.5% recorded in 2016.
This session, the Central Bank will auction up to 16,000 traditional currency swap contracts with the aim of rolling over the March 1, 2024 expiration date.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
