Expectations in relation to the vote on the proposed amendment to the Constitution (PEC), which divides the precatório and changes the spending ceiling and the relief in the foreign market made the dollar close below R$ 5.50 for the first time in 25 days. The stock market rose nearly 2% in the late morning and slowed down in the afternoon, but closed higher.
The commercial dollar ended this Tuesday (9) sold at R$ 5.495, with a retreat of R$ 0.046 (-0.83%). The currency even retreated to R$ 5.45 in the day’s low, around 3pm. Despite the decline losing steam towards the end of the session, the currency remained below BRL 5.50. With today’s performance, the dollar accumulates a high of 5.9% in 2021.
In the stock market, the B3 Ibovespa index closed at 105,535 points, up 0.72%. The indicator rose 1.8% around 11am, but slowed down in the final hours of trading. In the year, the index accumulates indentation of 11.33%.
Abroad, the day was one of mixed results. The dollar fell against major international currencies for the second day in a row, but US stocks tumbled after several days of appreciation in a profit-taking move as investors sell bonds to pocket recent gains.
In Brazil, the market is waiting for the PEC dos Precatórios, whose highlights are being analyzed at this time.. Second round voting is scheduled for late night or early morning. Investors, who in recent weeks had reacted badly to the proposal, began to consider it less serious than an eventual public calamity decree that also creates loopholes for the spending ceiling to be exceeded.
* With information from Reuters
