2023-05-30 03:00:27
The Ibovespa, the main index of the Brazilian Stock Exchange (B3), ended the first session of the week down 0.52%, at 110,000 points. The dollar, on the other hand, recovered its breath and improved its performance, rising 0.48%, quoted at R$ 5.01.
In volatility for practically the entire day, the US currency fluctuated and had its liquidity impaired in the foreign market. Due to the Memorial Daynos USAthe main market indices were not traded.
The budget agreement signed on Sunday 28, between President Joe Biden and the Speaker of the House, Kevin McCarthy, contributed to the performance of the US currency. The agreement deals with the public debt of that country. If passed by Congress, the $31.4 trillion cap will be suspended through January 1, 2025.
Now, there are expectations about what will be the next steps of the Federal Reserve (Fed), the Central Bank of the United States. On Friday the 2nd, the financial institution will release the jobs report of the US Department of Labor.
beyond the dollar
In the Brazilian market, investors remain attentive to the processing of the tax framework in the Senate. Financial market agents still do not rule out overthrowing the text.
Despite the slowdown in inflation and the improvement in expectations for the Gross Domestic Product (PIB), the latest statements by the president of the Central Bank, Roberto Campos Netodo not allow the projections for a drop in the Selic rate to be clear.
#budget #deal #sends #dollar #soaring