Ibovespa operates on the rise with a shorter term for the PEC of the Explosion; dollar falls

O Ibovespa rose in the first deals this Wednesday (21), with investors eyeing the next steps of the PEC of the Burst in Congress. The main stock exchange index was up 0.79% at 10:40 am, at 107,706 points. This is the third consecutive high of the index in the week, which ended the previous day with gains of more than 2%.

already the dollar fell 0.73% against the real at the same time, trading at BRL 5.169 on sale. The day before, the spot US currency fell 1.97% to R$5.205 on sale, the biggest daily percentage depreciation since October 31 (-2.59%) and the lowest closing level since December 1 ( 5.197).

At B3, at 9:14 am, the first-maturity dollar futures contract rose 0.20%, to R$ 5.218.

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 January 2, 2023.

PEC approved in the Chamber

The Chamber of Deputies approved, on the night of this Tuesday (20), the basic text of the PEC of the Explosion, making it possible to maintain the Auxílio Brasil at R$ 600 monthly to each beneficiary through the expansion of the spending ceiling in R$ 145 billion next year.

The term of validity of this extraordinary rule, however, was reduced from two to one year, which pleased investors and caused the Ibovespa to rise more than 2% yesterday.

After voting on the basic text, deputies will still deliberate on the so-called highlights (ie, excerpts separated by deputies for individual voting). This vote was only for the first round.

After analyzing the highlights, parliamentarians will still need to approve it in the second round. According to the president of the Chamber of Deputies, Arthur Lira (PP-AL), the proposal will be voted on this Wednesday (21).