The dollar rose slightly against the real this Friday (22), as investors once again demonstrated risk aversion amid the escalation of tensions between Ukraine and Russia, with part of the focus still on waiting for fiscal measures in Brazil.
Meanwhile, Ibovespa advanced in the wake of Petrobras’ announcement the day before the state-owned company detailed its business plan and informed the .
At around 2:57 pm, the spot dollar rose 0.13%, to R$5.8221 on sale. The main Brazilian market index rose 1.18%, to 128.4 thousand points.
Investors also continue to wait for the announcement of who will be the Treasury Secretary in the next government of President-elect of the United States, Donald Trump, as a decision appears to be close to being made by the Republican.
International scenario
Russia said earlier that an attack on Ukraine the day before with a newly developed hypersonic ballistic missile was intended to be a message to the West that Moscow would respond to “reckless” decisions and actions in support of Ukraine.
The conflict in Europe has occupied much of the attention of financial agents in recent sessions. The avoidance of risk had already taken shape last Tuesday (18), when Russian President Vladimir Putin approved the change in the country’s nuclear doctrine, relaxing the rules for the use of nuclear weapons.
The move came in response to reports that the US had authorized Ukraine’s use of long-range US missiles for strikes deep into Russian territory.
The strength of the US currency abroad was also boosted by the weakness of the euro, following poor data early in the morning.
Business activity in the euro zone worsened surprisingly this month, with the services sector contracting and the industrial sector sinking further into recession, according to a survey released this Friday.
Domestic context
The market’s wait for spending containment measures to be announced by the government was put aside in this session, as it was clear that the announcement should only take place next week.
The Minister of Finance, Fernando Haddad, said last Thursday (21) that the decision will be made from Monday, after a meeting with President Luiz Inácio Lula da Silva in the morning.
“On Monday morning, we will draft the acts that were drafted by the Civil House. We’ll pass it on to the president [Lula] the draft of the acts, and discuss with him the wording of one or another detail, including the agreement that was made with the Defense, which he only found out about informally from me today”, he told journalists upon leaving the ministry’s headquarters.
Furthermore, the Brazilian Institute of Geography and Statistics (IBGE) announced earlier that , it fell in seven units of the federation in the third quarter of this year, compared to the previous quarter. In the other 20, the rate remained stable, according to the Continuous National Household Sample Survey (Pnad).
The biggest drop was observed in Bahia, where the rate fell 1.4 percentage points, going from 11.1% in the second quarter to 9.7% in the third quarter.
*With information from Reuters
