Dollar retreats on US debt ceiling optimism; market digests GDP higher than expected

At 9:03 am (Brasília time), the spot dollar was down 0.70%, at 5.0365 reais on sale (Image: REUTERS/Ricardo Moraes)

O dollar retreated against the real in the first deals this Thursday, with investors echoing the approval in the Chamber of Deputies of U.S of the bill that lifts the debt ceiling in order to avoid a catastrophic default, still awaiting an important US government jobs report.

At the Brazilthe market was digesting stronger than expected data on the Gross Domestic Product (GDP) of the first trimester.

at 9:03 (Brasilia time), the spot dollar retreated 0.70%, to 5.0365 reais on sale.

On B3, at 9:03 am (Brasilia time), the dollar futures contract for the first month fell 0.4%, at 5.0650 reais.

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Market Turnover

The day before, the dollar in sight closed the day quoted at 5.0722 reais on sale, up 0.59%.

O central bank will hold an auction of up to 16,000 traditional exchange rate swap contracts in this trading session for purposes of rolling over the maturity of July 3, 2023.

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Source: Moneytimes

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