Dollar returns to R$ 5 with political noise and international caution; Ibovespa falls – Young Pan

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Investors analyze impacts of reporting corruption for the purchase of vaccines and CPI from Covid-19; advance of the Delta variant of the new coronavirus raises global fear

Brazil Archive/AgencyDollar operates at a high and returns to the level of R$ 5 with political turmoil and international fear

The main indicators of financial market Brazilian companies operate in the negative field this Wednesday, 30, with political noise in Brasília and international caution for the advance of the Delta variant of the new coronavirus. Around 11:25 am, the dollar recorded an increase of 0.96%, quoted at R$ 4.989. The North American currency reached the maximum of R$ 5.011, while the minimum did not exceed R$ 4.953. The currency closed the eve with a high of 0.28%, at R$ 4.942. Despite the upward bias, the exchange rate is heading to end June with a sharp drop, in the third consecutive month of appreciation of the real. Following the mild climate abroad, the Ibovespa, a reference on the Brazilian Stock Exchange, operated with a decrease of 0.64%, at 126,507 points. The trading session this Tuesday, 29, ended with a drop of 0.08%, to 127,327 points.

In the domestic scenario, investors follow the unfolding of the denunciation of a bribe request from a Ministry of Health server for the purchase of vaccines against Covid-19. In a statement, the folder stated that it dismissed the logistics director Roberto Dias after the disclosure of the case. Also in Brasília, businessman Carlos Wizard testifies to the Covid-19 Parliamentary Inquiry Commission (CPI). The executive is appointed as a member of a supposedly parallel cabinet set up to help the federal government during the new coronavirus pandemic. The market is also analyzing the maintenance of the unemployment rate at a record level. Between the quarter of February and April this year, the index was 14.7%, totaling 14.8 million Brazilians.

On the international agenda, markets remain apprehensive about the spread of Delta variant of the new coronavirus in different regions of the world. The growth of the new strain, possibly more transmissible, raises fears for the return of social isolation measures and a slowdown in the recovery of the global economy. Variant outbreaks sent Sydney, Australia’s most populous city, into a new two-week lockdown. Countries in Europe, such as Portugal and the United Kingdom, are also studying the reopening schedule given the risk of a new wave of infections.