The dollar quotation closed up on Monday (11) amid another day of doubts about the government’s spending package, which enters the third week without a clear definition – which increases the concern of the financial market.
The commercial dollar, used as a reference in the market, closed the day quoted at R $ 5.76, an increase of 0.56%. Tourism, on the outside, rose 0.17% and reached R $ 5.99, with a peak of R $ 6 in the middle of the afternoon.
The rise of the US currency in both modalities is due to the government’s delay in announcing the cut to demonstrate the commitment to the sustainability of public accounts. The president (PT) and the minister (farm) gathered in the afternoon to try, once again, to define areas that will be reduced in budgets.
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The concern for the third week in a row also affected businesses on the São Paulo Stock Exchange – B3 – which closed the day near stability by 0.6% to 127,904 points.
The market was even more apprehensive about what the government should announce after the. Haddad leads the economic team to execute the requested package by the market as proof of government commitment to public accounts.
Both the party and other allies see resistance, which is increasingly exposed. Gleisi’s criticism was mainly based on editorials published over the weekend in favor of spending cuts, which she classifies as a “sacrifice of retirees, workers, health and education, which may even combine with the frenetic neoliberalism of the last government, but not with the government that was elected to rebuild the country”.
The delay made the financial market, even worsens the expectation for this year’s inflation and already.
In addition to this year’s inflation, the financial market is also seeing an impact in 2025, from 4.03% to 4.1%, and for 2026, from 3.61% to 3.65%.
On the other hand, the expectation for economic growth this year – calculated by GDP (Gross Domestic Product, the sum of all services and goods produced by the country) remained stable at 3.1% for the end of this year. For next year, it increased from 1.93% to 1.94%.
Among other estimates, the expectation for the basic interest rate remains at 10.75% per year, and the dollar exchange rate has increased from R$5.50 to R$5.55 this year.
