Dollar Remains Steady Amid Caution as US Markets Close

The foreign exchange market showed a stable trend for the dollar in the early trading session on Thursday, January 9, as investors approached the day with a sense of caution. The absence of market activity in the United States, due to the closure in observance of former President Jimmy Carter's funeral, contributed to a subdued trading atmosphere.

As of 9:29 AM, the dollar was trading at R$ 6.1173, reflecting a slight increase of 0.19% compared to the previous day. On January 8, the dollar had closed at R$ 6.1106, marking a modest rise of 0.08%.

In addition to the exchange rate developments, the Brazilian retail sector experienced a downturn in November, with sales decreasing by 0.4%, according to data from the Brazilian Institute of Geography and Statistics (IBGE). Meanwhile, the Eurozone's retail sales growth fell short of expectations during the same period.

To manage market fluctuations, the Central Bank of Brazil announced plans for a swap auction, offering up to 15,000 contracts to roll over the upcoming maturity due on February 3, 2025. This move aims to stabilize the currency and provide liquidity amid ongoing economic uncertainties.

Overall, the dollar's performance is being closely monitored as it reflects broader economic conditions and investor sentiment in Brazil and beyond.