THE dollar opened higher this Monday (10), after closing the first week of trading in 2022 with a 1.05% appreciation. The movement reflects the concerns of investors with interest rate hikes around the world and cases of Covid-19, including Brazil.
Around 9:24 am, the US currency rose 0.10%, to R$ 5.637. The futures contract traded on B3 advanced 0.05% to R$ 5.638.
Last Friday (7), the dollar had a drop of 0.85%, to R$ 5.631. THE Ibovespa closed the trading session at a high of 1.14%, to 102,719.47 points, but with indentation of 2% in the week.
The possibility of a rise in interest rates in U.S earlier and faster than expected has been the big driver for the dollar’s advances after the release of the minutes of the last meeting of the Federal Reserve’s monetary policy.
The US Treasury bond market is naturally more attractive for security, and higher interest rates increase yields, directing more investment flows to the country.
Internally, investors still fear an increase in public spending by the federal government in response to claims of public servants by salary increase, which would aggravate the fiscal situation in Brazil.
In this trading session, the Central Bank will auction up to 17 thousand traditional exchange rate swap contracts for the purpose of rolling over the maturity of March 2, 2022.
*With information from Reuters
Reference: CNN Brasil
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