Dollar advances to R$4.84 on fears about interest rate hikes in the US and lockdowns in China

The dollar extended gains against the real this Monday (25), after having registered the strongest percentage increase since the beginning of the Covid-19 pandemic in the last session.

Risky assets around the world suffer on fears related to interest rate hikes in the United States and economic restrictions to fight the coronavirus in China.

At 9:09 (Brasília time), the spot dollar advanced 0.82%, at R$ 4.84 on sale.

On B3, at 9:09 am (GMT), the first-maturity dollar futures contract rose 0.89% to R$4.85.

In the last session, on Friday (22), the spot US currency soared 4.07% to R$4.80, the highest value since last March 24 (R$4.83) and the strongest daily high percentage since March 16, 2020 (+4.86%), at the beginning of the Covid-19 pandemic.

The Central Bank will auction up to 15,000 traditional foreign exchange swap contracts in this trading session for the purpose of rolling over the maturity date of June 1, 2022.

Source: CNN Brasil

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