The dollar operated in stability in the first trades this Thursday (9), with the market’s attention focused on the country’s new fiscal framework — the main agenda of the meeting that takes place at 12:30 pm between the Minister of Finance, Fernando Haddad (PT), the Minister of Planning, Simone Tebet (MDB) and other members of the economic wing.
Around 9:48 am, the US currency retreated 0.13%, quoted at R$ 5.134 on sale.
Discussions about the new fiscal anchor gained steam with the beginning of March, the month in which the government’s economic team plans to propose a substitute for the spending cap. Haddad even said that, after this afternoon’s meeting, the next step will be to present the project to President Luiz Inácio Lula da Silva (PT).
Investors are also waiting for the US employment report, scheduled for Friday, and still echo the speeches of the president of the Federal Reserve (Fed, the US central bank), Jerome Powell, who claims that, depending on the new indicators, it may be necessary to further increase interest rates.
The spot US currency fell 1.05% the day before, at R$5.139 on sale.
The Central Bank will hold an auction of up to 16,000 traditional exchange rate swap contracts in this auction for the purpose of rolling over the maturity of April 3, 2023.
*Posted by Tamara Nassif. With information from Muriel Porfiro, CNN, and Reuters
Source: CNN Brasil
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
