The warning for September 7 action is being raised against the real dollar during the US holiday
2 min read
The dollar rose against the dollar on Monday morning, which should have had less cash flow due to the holiday in the United States, while investors raised the alarm ahead of demonstrations in Brazil on Tuesday, September 7th.
At 10:01 am, the dollar was up 0.48% at 5.2086. The futures dollar, with higher liquidity, advanced 0.18% to 5.2255 riyals.
Many analysts drew attention to the Labor Day holiday in the United States, which closes US markets on Monday, which should reduce the volume of day trading.
But the approaching Independence Day in Brazil has left market participants in a state of tension. President Jair Bolzano is betting on a massive demonstration on Tuesday to regain political power.
Over the weekend, he defended the participation of military police officers in activities planned for the national holiday, and in the midst of strong tensions between the executive and judicial powers, promised that he would not step down from his post.
According to court sources who spoke to Reuters, the Supreme Court (STF) has taken a series of actions to counter the threats made by Polsanaro and his associates to the excessive actions that take place during the protests.
“This week, …
“Conflict becomes the core of an institutional crisis, and its outcome is difficult to predict. Our assessment is that in the end, the conflict will have a peaceful solution, but the performance of the economy will not be unimpeded.”
Citing fears surrounding the protests, mentor Investmentos’ economist Victor Beirutti recalled in a note last week that “weakening inflationary concerns were stronger than expected”, so “local warnings on external good humor should remain.”
IBGE data released last week showed that the Brazilian economy contracted 0.1% in the second quarter of this year, beating expectations of 0.2% in a Reuters survey.
At the last trading session, on Friday, the spot dollar had a positive variation of 0.02%, hitting 5.1839.
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