The dollar advanced against the real this Thursday morning (2), in line with the cautious sentiment abroad after the upward surprise in inflation data from the euro zone. Investors also digest data on Brazilian economic activity in the fourth quarter of 2022.
At 9:50 am (Brasília time), the spot dollar rose 0.37%, to R$ 5.211 on sale.
The day promises volatility in the financial market. Scholarships around the world are all in the negative with the prospect of interest rate hikes by the Federal Reserve System (Fed, the US central bank), while, over here, the political scene remains hot amid corporate highlights.
The repercussion of the Brazilian GDP should also follow on the radar. According to IBGE data, the national economy fell by 0.2% in the fourth quarter and closed 2022 with an increase of 2.9%. The data came practically in line with the project.
The annual growth was driven by rises in the service sector and industry, which together represent around 90% of the indicator. Agriculture, in turn, had a negative result last year.
The day before, the spot American currency closed the day quoted at R$5.191, down 0.66%.
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 April 3, 2023.
*With information from Muriel Porfiro, CNN, and Reuters
Source: CNN Brasil
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