Dollar falls after IPCA and before US inflation data

The dollar fell shortly after the open on Wednesday, hovering around the 5 reais mark, as investors digested the lower-than-expected IPCA reading for March and awaited major inflation data from the United States.

At 9:03 am (Brasilia time), the spot dollar fell 0.08% to 5.0026 reais on sale. On B3, the front-month dollar futures contract fell 0.17% to 5.010 reais.

A day earlier, the cash dollar had closed the day at 5.0067 reais, down 0.50%.

In this session, the Central Bank will auction up to 16 thousand traditional currency swap contracts with the aim of rolling them over until the expiry date of June 3, 2024.

Source: Terra

Rose

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