The commercial dollar rose 1.65% and closed at R$ 5.321, on the other hand, the Ibovespa, the main index of the Brazilian Stock Exchange (B3), recovered by 0.42%, but was below 100 thousand points again, closing at 98,953 .90 points.
The dollar’s rise was attributed to the approval in the Senate yesterday of the PEC (Proposed Amendment to the Constitution) of aid, which establishes a state of emergency to expand and create new social aid. The cost of the package, which will be outside the spending ceiling, reaches R$ 41.2 billion and will be valid until December 31 this year.
The dollar today amended its fifth weekly high, this one of 1.30%. Meanwhile, the stock exchange broke the trend of losses in the week and appreciated 0.29%.
The value of the dollar published daily by the press, including the UOL, refers to the commercial dollar. For those who are going to travel and need to buy currency at exchange brokers, the value is much higher.
The PEC approved yesterday creates the truck voucher of R$ 1,000, increases the gas voucher to R$ 120 and the Auxílio Brasil to R$ 600, in addition to providing other benefits.
The vote on the proposal, which still has to go through the Chamber of Deputies, took place about 100 days before the October general elections and is seen by critics as electoral, which worries investors.
“The directions of the fiscal situation in Brazil, added to the more challenging international scenario, have kept the dollar higher, the interest curve pressured and the stock market with negative dynamics”, wrote Dan Kawa, director of investments at TAG.
day at the stock market
The Ibovespa continued weakened by concerns about the risk of a global economic recession, in addition to fears about the fiscal scenario in Brazil, which brought the index down in June.
Investors are also aware of domestic fiscal risks, especially after the PEC passed in the Senate yesterday.
“Inflation and interest rate increases continue to weigh negatively on investors’ risk perception,” said the team at XP Investimentos.
They highlighted that inflationary pressures continue to increase, prompting central banks around the world to adopt an aggressive tightening monetary policy and exacerbating fears of a global economic slowdown.
“Despite the change of semester, global sentiment remains gloomy,” they said, citing the war in Ukraine, which shows no signs of coming to an end in the short term.