The United States dollar closed lower against the Brazilian real on Monday after briefly reaching the R$5 mark again.Market participants exploited the higher quotes to sell the currency, anticipating the release of economic data and documents later in the week, domestically and internationally.The spot dollar ended the day at R$ 4.9741, a decrease of 0.49%.
For March, the United States currency has seen a slight increase of 0.05%.At its peak for the day at 10:01 AM, the dollar hit R$ 5.0076 (+0.18%) and dropped to its lowest at 2:47 PM at R$ 4.9373 (-0.43%).Around 5:10 PM, the nearest maturity dollar futures contract on the B3 was down 0.58%, selling at R$ 4.975.Dollar Closes Lower at R$ 4.97 After Touching R$ 5.
(Photo Internet reproduction)Earlier, the spot dollar surged in Brazil, nearing R$5, prompting selling by exporters and investors holding US currency.
This caused the dollar to move into negative territory.At first, the dollar approached R$5 amid anticipation of a significant indicator agenda this week, stated Jefferson Rugik, Correparti Corretoras director.When the dollar touched R$5, there was an unwinding of bought positions, with investors taking profits.
Then the dollar began to follow international trends.The dollars decline against the real throughout the afternoon was in line with international trends, where the United States currency experienced losses against other currencies from early on.Close to 5:10 PM, the dollar index, which measures the performance of the United States currency against a basket of six currencies, fell by 0.20% to 104.220.Economic Data Releases in BrazilIn Brazil, attention remains focused on the release of data for the rest of the week.On Tuesday, the minutes of the last meeting of the Central Banks Monetary Policy Committee (Copom) and Marchs IPCA-15 will be released, along with United States consumer confidence numbers.On Wednesday, Brazils central government numbers and the Register of Employed and Unemployed (Caged) data will come out.However, Thursdays highlights include the Central Banks Inflation Report and the United States GDP for the fourth quarter.On Monday morning, the Central Bank sold all 16,000 traditional currency swap contracts offered for the rollover of June maturities.