Dollar heads for strong weekly low with hopes on PEC and eye on Fed

The dollar fell against the real this Friday, getting on the way to a strong weekly low after hopes of a reduction in the PEC of the Burst and signs of moderation in the pace of monetary tightening by the central bank of the United States supported the appetite of investors for risk in the last days.

Around 9:40 am (Brasília time), the dollar in sight retreated 0.44%, to R$ 5.174 in the sale, well below the closing level of last week, R$ 5.407.

On B3, the dollar futures contract for the first month fell 0.31% to R$5.1985.

The spot US currency closed the last session with a negative variation of 0.03%, at BRL 5.197 on sale, renewing its lowest closing level since the last day 9 (BRL 5.184).

The Central Bank will hold an auction of up to 16,000 traditional exchange rate swap contracts in this trading session for the purpose of rolling over the maturity of January 2, 2023.

Source: CNN Brasil

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