Dollar rises more than 1% on fears of global recession and local elections

The dollar advanced more than 1% in the first trades this Thursday (29), operating above R$ 5.40 as investors continued to fear a possible global recession, while the approach of the first round of the presidential elections in Brazil contributes to the caution.

At 9:06 am, the spot dollar advanced 1.08%, at R$ 5.407 on sale.

On B3, at 9:06 am, the first-maturity dollar futures contract rose 0.67% to 5.409.

The day before, the dollar traded on the interbank market closed down by 0.52%, at R$ 5.349 on sale.

The Central Bank informed on Wednesday that as of this Thursday, it will start rolling over US$ 15.2 billion in traditional foreign exchange swaps that expire at the beginning of November, in a total of 304,120 contracts. The auctions will begin with the offer of up to 16,000 contracts in this session, distributed between the expiration dates of February 1, 2023 and July 3, 2023.

Source: CNN Brasil

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