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The dollar closed at R$4.972 on expectations of the US data and framework

The dollar closed at R$4.972 on expectations of the US data and framework

The trade dollar closed practically flat, up 0.03%, quoted at R$4.972 this Tuesday.

And the Ibovespa index, the main index of the Brazilian Stock Exchange (B3), closed down 0.26%, at 109,928.53 points.

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Investors ended the day hoping for an outcome on the voting date for the new fiscal framework There are no signs of progress in negotiations over the US government’s debt ceiling.

tax framework: The government has 147 out of the 257 votes needed for approval. Finance Minister Fernando Haddad was confident. “I guarantee more than 300 votes,” he said last Wednesday.

Haddad said approval of the reforms would reassure British Columbia. The first term is expected to end with council approval of the fiscal framework and tax reform, while the Senate can at least vote on the new public accounts rule.

in the United States of America president Joe Biden and Representative in Congress Kevin McCarthy have not yet reached an agreement on the country’s debt ceiling. The International Monetary Fund warned of the dangers of not reaching an agreement, with its “damaging impact on the US economy and the world,” according to IMF Managing Director, Kristalina Georgieva.

The value of the dollar that newspapers reveal daily, including UOL, denotes the trade dollar (learn more by clicking here). For those who travel and need to buy currencies from exchange brokers, the value is much higher.

*With information from Reuters