Dollar falls more than 1% at opening after Copom accelerates interest rate hike

The dollar fell more than 1% against the real in the first negotiations this Thursday (12), with the market reacting positively to the Copom’s decision to raise the Selic by 1 percentage point the day before and waiting for two line auctions to be held. carried out by the Central Bank (BC) this morning.

At 9:09 am, the spot dollar fell 1.23%, to R$5.8856 on sale.

On B3, the first-month dollar futures contract fell 1.15%, to R$5.895.

On Wednesday, the spot dollar ended the day down 1.47%, quoted at R$5.959. This was the first time that the North American currency closed below R$6.00 this month.

The BC will hold two dollar sales auctions with repurchase commitments in the morning, offering up to US$2 billion in each of them.

The authority will still hold its traditional auction of up to 15,000 foreign exchange swap contracts for the purpose of rolling over the January 2, 2025 expiration date.

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