Stock market in slight fall, with HAPV3 and banks; PETR4, VALE3 and RRRP3 rise

The dollar retreats against the real this Tuesday, although it has already slowed down from the day’s lows, in line with the cooling of the North American currency abroad and while markets react to the announcement made the day before by the BC of an auction extraordinary traditional currency swap. The rise in commodities, such as oil and iron ore, also weighs heavily. Now, the dollar falls 0.28%, to R$5.045. At the low of the day it reached R$5.022. On B3, future dollar contracts fall 0.10%, to 5,063.00 points. In this session, the BC will sell 1 billion dollars in exchange rate swap contracts, in an operation to be carried out between 12:30 pm and 12:40 pm, which seeks to meet the demand generated by the redemption of the NTN-A3 bond, linked to the exchange rate, scheduled for April 15th. This extra operation should not be confused with the daily swap auction that has been carried out by the BC to roll over June maturities this year. This Tuesday, from 11:30 am to 11:40 am, 16,000 swap contracts will be put up for sale for rollover. According to Leonel Mattos, market intelligence analyst at StoneX, the auction has downward pressure on the US currency – since the traditional swap auction is an operation with an effect equivalent to the sale of dollars on the futures market. Meanwhile, abroad, the index that compares the dollar to a basket of strong pairs has fallen slightly, losing steam after earlier reaching a high in five years, giving relief to the currencies of emerging countries. (With Reuters)