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The dollar retreated against the real in its first session of the week on Wednesday, extending losses from the previous day as global investors put aside fears of a U.S. recession and re-directed to riskier assets, sparking a market recovery.
As of 9:04 a.m., the spot dollar fell 0.81% to 5.6131 reais. In March, the first-month U.S. dollar futures contract fell 0.76% to 5.630 reais.
The spot dollar fell 1.44% on Monday and closed at 5.6588 reais on Tuesday.
In this transaction, the central bank will auction up to 12,000 traditional currency swap contracts to roll over to the expiration date of October 1, 2024.
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