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Ibovespa operates high with signals from the new government; dollar retreats about 1%

The Ibovespa was up in the first trades this Thursday (5), amidst technical adjustments and with Petrobras among the biggest gains, while financial agents continue to evaluate the signs of the new government. The main index of the stock exchange rose 0.77% at 11:15 am, to 106,145 points.

The dollar was down 0.77% against the real at the same time, trading at R$5.410 on sale. Investors continued to adjust positions in the wake of the currency’s surge at the beginning of the week, still echoing the new government’s nods to maintaining the measures taken by previous administrations.

On the eve, the US currency in sight closed with a negative variation of 0.04%, at R$ 5.451 on sale.

On the B3, at 9:12 am (Brasília time), the first contract dollar futures contract fell 0.30%, at R$ 5.444. The future index of the stock exchange operates at an increase of about 0.50%, at 107 thousand points.

The political environment quieted down a bit after Lula and the Chief of Staff, Rui Costa, determined that ministers stop talking about everything, all the time.

Another important factor came from Jean Paul Prates, who stated that he will continue to follow international prices at Petrobras and assured that the state-owned company will not suffer direct government interventions,

The Central Bank will hold an auction of up to 16,000 traditional exchange rate swap contracts in this trading session for the purpose of rolling over the maturity of February 1, 2023.

Source: CNN Brasil

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