The commercial dollar rose 0.43% shortly before 10 am on Tuesday (11), quoted at R$ 5.213 on sale. Investors were alert to the possibility of reduced liquidity on the eve of the Nossa Senhora Aparecida Day holiday in Brazil, as the market digested September’s IPCA reading and awaited US inflation data this week.
The day before, the spot US currency fell 0.42%, to R$ 5.1921 reais.
The IPCA (Broad Consumer Price Index) – which measures the country’s official inflation – had deflation for the third consecutive month in September, with a drop of 0.29%, the IBGE (Brazilian Institute of Geography and Statistics) reported earlier. . In August, the index had retreated 0.36% and, in July, dropped 0.68%. In the year, accumulated inflation is 4.09% and, in the last 12 months, 7.17%.
In this session, the Central Bank will auction up to 16 thousand traditional foreign exchange swap contracts for the purpose of rolling over the maturity date of November 1, 2022.
*In update
Source: CNN Brasil
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