Changes occur with increased tension between Brazil and the US; This Monday (22), the US government announced sanctions to the wife of Minister Alexandre de Moraes, based on magnitsky law
It had it moderate discharge on Monday (22), contrary to the predominant behavior of the American currency abroad. Investors adopted a cautious stance in the face of the possible climb of tensions between and on the eve of the speech of the President of the Republic, in.
Late in the morning, the US government announced sanctions to the minister’s wife of the Supreme Court (), based on. will have any goods in the US blocked. The Trump administration also revoked American visas from the Union’s general lawyer, and other authorities of the Brazilian judiciary.
At the moment of greater stress, amid the impact of the sanctions announcement, the cash dollar exceeded the level of R $ 5.35 and registered a maximum of R $ 5,3660. Throughout the afternoon, with the deepening of US currency losses abroad and the assessment that US actions are, for now, limited to certain authorities, the border has moved away from the maxims.
After operating around R $ 5.33 in the last hours of the session, the cash dollar ended up 0.32%to R $ 5.3381. It was the fourth consecutive trading trading of the US currency, after closing below R $ 5.30 on the 16th, the eve of Superquarta, marked by the first interest cut by (Fed, the North American Central Bank) by 2025. The dollar still retreats 1.55% compared to the real in September, which leads to losses in 13.63%.
In a statement, the Ministry of Foreign Affairs stated that it received “deep indignation” the sanctions to Moraes’s wife, noting that the use of magnitsky law symbolizes a “new attempt to interference in Brazilian internal affairs”. The US government had already warned last week that there would be a reaction to the former president’s conviction by the STF for attempted coup and other crimes.
In a publication on social network X, the US Secretary of State, said sanctions to lawyer Viviane Barci warns who threatens the “interests of the US protecting and enabling foreign actors like Moraes.”
Outside, the Dyx index – which measures the behavior of the dollar compared to a basket of six strong currency – operated on a moderate low throughout the day and spun around 97,330 points in the late afternoon, near the minimum of the session, at 97.309 points. The American currency fell against most emerging currencies, but had a slight discharge from the Mexican and Chilean weight, pairs of the real.
Fed leaders adopted distinct postures regarding the conduct of monetary policy, after a reduction of 25 base points in the American basic rate last Wednesday, 17. The president of the St. Louis Fed, Alberto Musalem, preached caution and said he sees “limited space” for additional interest cuts. Recently nominated by Donald Trump, Fed’s director Stephen Miran-who voted by 50-base cuts last week-said interest rates should be approximately 2% to 2.5%.
The prospect of a weaker globally dollar, with bets on three interest cuts by the Fed this year, led BTG Pactual to reduce the projection of the exchange rate to the end of this year, from $ 5.40 to $ 5.20, and from 2026, from $ 5.60 to $ 5.50.
Ibovespa has a slight profit after record of records last week
It began the week in slight correction after a series of renewals of historical maxims in the previous interval, which placed it at 146 thousand points in the intradia. This Monday, the index was able to retain the 145,000 points in closing, containing losses that even exceeded 1% earlier in the session. In the late afternoon, the US government also confirmed the imposition of new restrictions on Brazilian authorities without specifying names.
At closing, the B3 index showed low of 0.52%, at 145 109.25 points, between 144,117.01 and maximum of 145,863.86 points in the session, corresponding to the opening level. The financial turnover was $ 20.6 billion on Monday. In the month, Ibovespa advances 2.61% and, in the year, up 20.64%.
In addition to the political news, Monday reserved few news, on the economic agenda. Highlight only for the Focus Bulletin, which brought cooling in the estimated IPCA softened to 12 months ahead, to 4.36%(from 4.43%) – below the target ceiling, from 4.50%. In turn, the projection for 2025 followed by 4.83% and that of 2027 -focus of monetary policy, as the first quarter of 2027 is the relevant horizon -remained at 3.90%, as well as the expectation for Selic at the end of 2025, still 15% per year, at the same level today.
On Tuesday, the economic data agenda gains traction, starting with the minutes of the monetary policy committee (COPOM) meeting held last Tuesday and Wednesday. The week’s agenda also reserves other high points, such as IPCA-15 September and the Monetary Policy Report (RPM) in Brazil. Outside, attention to US Gross Domestic Product (GDP) and the PCE Index, the Federal Reserve’s favorite consumer inflation metric.
In B3, the moderation of Ibovespa losses throughout the afternoon was ensured by the performance of commodity flashes, valley (on +0.14%) and, in particular, Petrobras (ON +1.07%, PN +1.00%). Banks mitigated the losses seen earlier, when they became the focus of investors before new US government movements to sanction Brazil and authorities in the country, still in the wake of former President Jair Bolsonaro’s condemnation. Losses between the largest institutions were between 0.51% (Banco do Brasil On) and 1.44% (Itaú PN) at closing. Bradesco, in turn, managed to take off and closed up 0.26% on ON and 0.17% in PN.
At Ibovespa’s winning tip, Embraer (+4.63%), after the news that Latam Airlines and affiliates signed an agreement to acquire up to 74 manufacturer aircraft. Soon after, in the list of winners, weg (+2.09%) appear, course (+2.05%) and angry (+1.13%). On the opposite side, Cosan (-18.13%), after understanding for R $ 10 billion by BTG and Perfin in the company. Also at the losing end at the session, Raízen (-7.75%), BRF (-5.38%), Natura (-4.97%) and Marfrig (-4.61%).
*With information from Estadão Content
Posted by Nátaly Tenório
