Dia had few negotiations due to holidays in Brazil and the United States
O dollar followed an upward trend and rose 0.38% this Monday, 11, reaching the highest value in almost six months, closing at R$ 5.537. The last time the US currency was so strong was on April 20, when it hit R$5,550. Few negotiations were made this Monday in the Stock Exchange, because of the USA celebrate a holiday this Monday, 11 (the day of Columbus) and Brazil, tomorrow, 12 (day of Our Lady Aparecida). With the dates, liquidity was low. The movement of the real against the dollar followed the trend of other emerging country currencies, such as the Mexican peso, the Turkish lira and the South African rand – the US currency also appreciated 0.3% against a basket of currencies strong. the index Ibovespa, the benchmark of B3, had a drop of 0.38% and dropped to 112,180.48 points. Worldwide, the main concerns are about global inflation, amid rising oil and natural gas prices, fears about the Chinese housing market and the risk of the US budget being held back by disputes in the local Congress.
In Brazil, it is the political pressures for the government to increase spending and include new expenditures in the budget that threaten the safety of investors, with the risk of breaking the spending ceiling. In addition, reports of pressure on the Minister of Economy, Paulo Guedes, further fuel the insecurity of the market. Although the Supreme Court (STF) has filed the request for an investigation against the minister regarding the offshore company in the British Virgin Islands, a tax haven, there is a perception that Guedes’ image may have been eroded and the approval of new measures in Congress must be difficult. The next step on the radar in relation to the minister is the plenary session of the Chamber, which summoned him to provide clarifications, yet without a scheduled date.