Without reference to the spot markets in the US, which are closed due to a holiday, attention turns to the local market.
The dollar was trading higher against the real on Wednesday (19), amid cautious investors before the announcement of the Central Bank’s Monetary Policy Committee (Copom) decision on interest rates at the end of the afternoon.
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What is the dollar exchange rate today?
At 9:18 am (Brasília time), the spot dollar was up 0.20%, at R$ 5.444 on buying and selling. The first due futures contract was down 0.03% at 5,446 points.
On Tuesday, the spot dollar ended the day quoted at R$ 5.4339 for sale, up 0.22%, reaching the highest closing rate since January 4, 2023.
The Central Bank will hold an auction of up to 12,000 standard foreign exchange swap contracts for the rollover of the August 1, 2024 maturity.
Commercial Dollar
Buy: R$ 5.444
Sell: R$ 5.444
Tourist Dollar
Buy: R$ 5.444
What is happening with the currency today?
Without reference to the spot markets in the US, which are closed due to a holiday, all attention is focused on the local market.
After President Luiz Inácio Lula da Silva (PT) made new attacks on Roberto Campos Neto, president of the Central Bank, pressing for the continuation of monetary easing, the market will be attentive to the positioning of the four nominees by the Lula government in today’s decision – especially for the vote of Gabriel Galípolo.
The Director of Monetary Policy at the Central Bank is the favorite to take over the leadership of the monetary authority at the end of Campos Neto’s term on December 31.
A more conservative vote by Galípolo would be well received by the market, but could displease Lula – which could jeopardize his potential appointment as head of the agency.
