In addition, President Donald Trump announced 25% to 50% increase in steel and aluminum imports, which come into force on Wednesday (4)
O opened the week and month in firm drop in the local market, in line with the wave of devaluation of the American currency abroad after signs of trade war intensification. China and the US exchanged mutual accusations of non -compliance with a 90 -day tariff truce awake last month. In addition, the president announced 25% to 50% increase in steel and aluminum imports, which come into force on Wednesday (4).
Operators note that the real performed lower than its main pairs, such as Chilean and Mexican pesos – which can be attributed to increased perception of tax risk, either by uncertainty involving the tax on financial operations (), whether by changing the perspective of Brazilian rating by Moody’s from positive to stable, moving away from obtaining the investment degree.
After minimum at R $ 5,6671 in the morning, the dollar reduced part of the losses in the second stage of business, with the turn of Ibovespa to the negative field. With a maximum of R $ 5,7102, the border ended the first June trading down 0.77%, to R $ 5,6757, after retreating 0.76% in May. In the year, the US currency accumulates devaluation of 8.16% compared to the real, which has the best performance among Latin American currency in the period.
Congress has already threatened to overthrow the decree of the increase in IOF, the subject of criticism of the productive sector and the political class. In the morning, Finance Minister Fernando Haddad said he does not need ten days to propose alternatives to IOF, a deadline given to the minister last week by the mayor, Hugo Motta (Republicans-PB).
According to the minister, it takes a political decision to calibrate the IOF decree and prepare structural solutions to remedy public accounts in the long run – since “you can’t dissociate one more thing from the other.” “We need to make a political decision of what will be done. And in the face of what I heard, I believe that this week we can solve and improve both IOF regulation, combined with structural issues,” Haddad said.
Abroad, the DXY index – which measures the performance of the dollar compared to a basket of six strong currencies – retreated about 0.60% in the late afternoon, especially the euro and yen gains. Among emerging currencies and commodity -exporting countries, highlighting the Australian dollar and the New Zealander. Oil prices rose more than 3%.
*With information from Estadão Content
Posted by Carolina Ferreira
