Dollar Closes Lower at R$ 4.97 After Touching R$ 5

INSUBCONTINENT EXCLUSIVE:
The U.S
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 U.S
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
positions, with investors taking profits
international trends, where the U.S
currency experienced losses against other currencies from early on.Close to 5:10 PM, the dollar index, which measures the performance of the
U.S
currency against a basket of six currencies, fell by 0.20% to 104.220.Economic Data Releases in BrazilIn Brazil, attention remains focused
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.