Dollar exceeds BRL 5.20 with Powell, Campos Neto and domestic inspector on the radar

The dollar advanced beyond 5.20 reais this Thursday (23), with investors waiting for another hearing from Federal Reserve Chairman Jerome Powell to the United States Congress, while global fears about possible recession and fiscal risks domestics followed on the radar.

Investors will also pay attention to the president of the Central Bank of Brazil, Roberto Campos Neto, who will give a press conference starting at 11 am (GMT) on the conduct of monetary policy, accompanied by the new director of Economic Policy, Diogo Guillen.

At 9:07 am (GMT), the spot dollar advanced 0.54%, at R$ 5.20 reais on sale.

On B3, at 9:07 am (GMT), the first-maturity dollar futures contract rose 0.21% to R$5.22 reais.

The day before, the North American currency in sight rose 0.50%, to R$ 5.17 reais on sale.

In this session, the Central Bank will auction up to 15 thousand traditional foreign exchange swap contracts for the purpose of rolling over the maturity date of August 1, 2022.

Source: CNN Brasil

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