The dollar rises in line with foreign markets in a context of moderate optimism on interest rates

The dollar appreciated against the real in early trade on Tuesday, in line with the U.S. currency’s gains abroad as investors tempered their expectations of a March interest rate cut by the Federal Reserve.

At 9:04 a.m. (Brasilia time), the cash dollar advanced 0.52% to 4.8918 reais on sale.

On B3, as of 9:04 a.m. (Brasilia time), the front-month dollar futures contract rose 0.77% to 4.9015 reais.

A day earlier, the cash dollar had closed the day at 4.8667 reais, up 0.21%.

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

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