The dollar closed with a slight drop this Monday (29), continuing recent losses in line with the weakness of the American currency abroad, with investors waiting for the agenda for the rest of the week which includes the formation of Ptax on Tuesday and the Federal Reserve’s (Fed) monetary policy decision on Wednesday.
The Central Bank held 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?
The spot dollar closed 0.23% lower, at R$5.104 for purchase and sale. At 5:38 pm (Brasília time), the first-month dollar futures contract fell 0.10%, to 5,120 points.
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Commercial dollar
Sale: R$5,115
Purchase: R$5,114
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Tourism dollar
Sale: R$5,325
Purchase: R$5,145
The dollar closed another session lower, 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 Chairman 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.
At the end of the afternoon, the dollar gave way against most other currencies abroad — with emphasis on the decline in relation to the yen, following reports of intervention by authorities to support the Japanese currency’s prices.
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(With Reuters)
Tags: dollar today closes slight drop foreign exchange expectations interest rate decision USA
