The dollar operates lower this Monday (29), continuing recent losses in line with the weakness of the American currency abroad, with investors waiting for the Federal Reserve’s (Fed) interest rate decision.
The Central Bank will hold an auction of up to 12 thousand traditional currency swap contracts in this session for the purpose of rolling over the maturity date of July 1, 2024.
What is the dollar exchange rate today?
At 9:28 am, the spot dollar operates with a drop of 0.23%, at R$5.104 for purchase and sale. On B3, the first-month dollar futures contract fell 0.40%, to 5,104 points.
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Commercial dollar
Sale: R$5,104
Purchase: R$ 5,104
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Tourism dollar
Sale: R$5,327
Purchase: R$5,147
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The dollar continues to fall, with attention focused on the Fed’s monetary policy decision on Wednesday, with investors already anticipating a delay in their US interest rate cuts following a series of difficult inflation in the US and with authorities, including President Jerome Powell, to emphasize that even these plans depend on data.
The US Federal Reserve is expected to keep its benchmark interest rate stable between 5.25% and 5.5%. Investors now expect just a single cut this year, currently scheduled for November, according to the CME’s FedWatch tool.
Markets are also paying attention to any intervention by Japanese authorities to contain the yen’s nearly 11% drop this year.
Tags: Dollar today slight drop foreign exchange expectations interest rate decision USA
