The dollar falls below R$ 5,20 amid a strong government response to Bolsonaro's terrorism.
The market perceived a "very good level of confidence" in the country after Brazilian institutions demonstrated their solidity in the face of the coup attempts in Brasília.
247 - The strong response from the federal government to the Bolsonaro-supporting terrorism carried out in Brasília last Sunday (8) generated a positive reaction in the market, which saw a "very good level of confidence" in Brazil. As a consequence, the dollar closed this Wednesday (11) at 5,1813 reais on the sale, reports Reuters.
Today The Supreme Federal Court (STF) has formed a majority to uphold the decision of Justice Alexandre de Moraes. with the aim of securing the arrest of the former Secretary of Public Security of the Federal District, Anderson Torres, and the removal from office of the governor of the Federal District, Ibaneis Rocha (MDB).
"Something that greatly contributed to this improvement in the price of Brazilian assets, incredibly enough, was what happened over the weekend in Brasília," Alexandre Viotto, head of banking at EQI Investimentos, told Reuters. He argued that the strong reaction of Brazilian democratic institutions to the Bolsonaro supporters' attacks on the headquarters of the Three Branches of Government on Sunday helped consolidate among foreign investors the perception of "a very good level of governance" in Brazil.
Furthermore, the gestures from the Lula (PT) government towards fiscal responsibility and the The announcement by the Minister of Planning and Budget, Simone Tebet, that economist Gustavo Guimarães will be her number two in the ministry. They also contributed to the strengthening of the real against the dollar.
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