On a day of few negotiations in the financial market and without interventions from the Central Bank (BC), the dollar approached R$6.20 with uncertainty regarding parliamentary amendments. The stock market fell and returned to its lowest level in more than six months.
The commercial dollar ended this Friday (27) sold at R$6.193, an increase of R$0.016 (+0.26%). The price operated slightly higher throughout the session. Several times throughout the day, it exceeded R$6.21, but slowed down in the final hour of trading.
Just this week, the US currency rose 2%. The BC intervened in the market only once, on Thursday (26), when it sold US$3 billion of international reserves. In December, the monetary authority injected almost US$31 billion into the foreign exchange market, the largest monthly volume since the creation of the inflation targeting regime in 1999.
The stock market had a more tense day. B3’s Ibovespa index closed the day at 120,269 points, down 0.67%. With an accumulated drop of 1.5% in the week, the indicator reached the lowest level since June 19.
With the uncertainty in the international market, internal factors weighed more this Friday. The dollar did not show a trend against the main currencies, rising against some and falling against others, on a day of little trading across the planet.
In Brazil, the market reacted to the future of parliamentary amendments. This is because investors do not know whether they will be executed before the end of the year, increasing government spending at the end of 2024, transferred to 2025 or partially cancelled.
The Minister of the Federal Supreme Court (STF) Flávio Dino gave the Chamber of Deputies a deadline of 8pm today to respond to four questions about the payment of parliamentary amendments. The deadline was given by the minister after the Chamber asked for reconsideration of Dino’s injunction that suspended the payment of R$4.2 billion in commission amendments.
*With information from Reuters
