Dollar retreats against real after high day, with contestation of polls and PEC on the radar

The dollar fell against the real in the first trades this Wednesday, in an adjustment movement after the jump on the eve, while investors monitored the attempt to challenge the polls by President Jair Bolsonaro’s party and awaited the definition of the text of the Transition PEC.

At the same time, markets were awaiting the release of the minutes of the Federal Reserve’s last monetary policy meeting, at 4 pm (Brasília time).

At 9:13 am (Brasília time), the spot dollar retreated 0.14%, to R$ 5.3720 on sale.

On B3, at 9:13 am (Brasília time), the first contract dollar futures contract rose 0.19%, to R$ 5.3800.

On the eve, the US currency in sight closed up by 1.29%, at R$ 5.3798 reais on sale.

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 December 1, 2022.

Source: CNN Brasil

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