The dollar appreciates against the real after the IPCA and the speeches of the Fed authorities

The dollar opened this Thursday with a moderate rise against the real, with the market digesting January’s IPCA data while monitoring the US currency’s strength abroad following recent speeches from Federal Reserve officials.

At 9:08 a.m. (Brasilia time), the cash dollar advanced 0.24% to 4.9801 reais on sale.

On B3, as of 9:08 a.m. (Brasilia time), the front-month dollar futures contract rose 0.22% to 4.9885 reais.

A day earlier, the cash dollar had closed the day at 4.9681 reais, up slightly 0.10%.

In this session, the Central Bank will auction up to 16 thousand traditional currency swap contracts with the aim of rolling them over to the maturity date of April 1, 2024.

Source: Terra

Rose

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