The dollar rallies on Tuesday (6 July 2021) amid investor caution about political news. At 11:50 am, the US currency rose 1.81% to 5.18 reais.
Tax reform is in the eye of investors. President of the Chamber, Arthur Lyra (PP-AL), confirmed in the morning that taxation of profits and dividends may have tax categories such as IRPF (Personal Income Tax). This measure tends to create higher commissions for large investors.
The possible involvement of President Jair Bolsonaro in the “hacking” scheme during his tenure as a federal deputy is also being analyzed by the operators. The CNT / MDA poll, which points to former President Lula’s victory in the 2022 election, is helping to pressure the devaluation of the real against the dollar. The PT member said in an interview on Tuesday (July 6) that he would consider a spending ceiling if selected. The budget rule is supported in most of the market.
Another interesting point is CPF Covid, which on Tuesday (July 6) is hearing from Regina Celia Oliveira, contracted inspector at the Ministry of Health. She is asked to sign the purchase of the Indian vaccine Covaxin, which has been determined to be irregular. MP Luis Miranda (DEM-DF).
Ibovespa, the main B3 index (São Paulo Stock Exchange), fell 1.11% at 11:50 am to 125,514 points.
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