Dollar today opens lower after gains the day before with attention to inflation data

Dollar today opens lower after gains the day before with attention to inflation data
Dollar today opens lower after gains the day before with attention to inflation data
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The dollar opened lower today, reversing part of the previous day’s gains, while investors await the full PCE report, which is the main inflation index observed by the Fed in its monetary policy decisions.

In Brazil, the IPCA-15, a preview of the country’s official inflation, slowed again in April, to 0.21%, below the LSEG consensus, which predicted a monthly increase of 0.3% and 2.6% on an annual basis.

The Central Bank will hold an auction of up to 12 thousand traditional currency swap contracts for the purpose of rolling over the maturity date of July 1, 2024.

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What is the dollar exchange rate today?

At 9:23 am (Brasília time), the dollar in cash operates with a drop of 0.29%, at R$5.147 when buying and R$5.148 when selling. On B3, the first-month dollar futures contract fell 0.27%, to 5,151 points.

Commercial dollar

Sale: R$5,148

Purchase: R$5,147

Maximum: R$ 5,169

Minimum: R$ 5,146

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Tourism dollar

Sale: R$5,377

Purchase: R$5,197

The American currency starts today’s session in the red, one day after advancing against the real, with quarterly inflation above expectations, which should keep economists pessimistic about the possibility of the Fed promoting any interest rate cuts in the short term.

The article is in Portuguese

Tags: Dollar today opens gains day attention inflation data

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