The dollar tried to reduce the losses of the week and closed in light discharge with new developments in the judicialization of IOF (image: ISTOCK/EYEGLB)
Without the reference of United States, the dollar tried to reduce the losses of the week before real and gained breath with new developments on the judicialization of changes in the tax on financial operations (IOF).
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This Friday (4), the dollar in sight (USDBRL) ended the negotiations with R $ 5,4248, with 0.37%increase.
In the week, the American border accumulated a 1.06% drop from the real.
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What did you move with the dollar today?
Without the reference of the US market, the movement of the exchange rate followed the movements around the judicialization of changes in the tax on financial operations (IOF).
In the morning, the minister of Supreme Federal Court (STF) Alexandre de Moraes suspended the effects of the presidential decrees that raised the rates of the IOF as well as the decision of National Congress Last week that sustained the effects of the measure adopted by the president’s government Luiz Inácio Lula da Silva.
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In an injunction, Moraes summoned a conciliation hearing for the 15th with representatives of the government, the House, the Senate and the Attorney General’s Office.
THE Minister of Finance, Fernando Haddadhe said that Moraes’s decision seeks to delimit competences of each power, “which is great for the country.” In conversation with journalists in Rio de Janeiro, Haddad said the government will show the Supreme Court that there was no linear increase in the IOF, but distortion corrections.
“We corrected what seemed to us misleading from the point of view.
The president of the House of Representatives, Hugo Motta (Republicans-PB), rejected the possibility of breaking Congress with the government because of the impasse involving the IOF, while defending spending cuts that do not harm the poorest people.
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“Discarding this point in the IOF does not represent a break with the government, it does not represent a break with the economic team. It is just a decision of Parliament, the National Congress not to agree with more tax increases. This is what we made clear,” Motta said in an interview with CNN Brazil.
He also stated that the government’s proposal to exempt the Income tax (IR) For people who earn up to $ 5,000 per month will be approved as proof that the legislature is not against the poor.
With an eye on the 2026 elections, President Lula said he will run for presidential reelection next year. “There are people who think the government is over. There are people who are already thinking of election. They do not know what I am thinking,” Lula said in an investment announcement of Petrobras in refining and petrochemical, in the city of Duque de Caxias (RJ).
“So get ready, get ready, because if everything is as I am thinking this country will have a president elected for the first time four times,” he added.
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Among the macroeconomic data, the Brazilian trade balance recorded a surplus of US $ 5.889 billion in June, a 6.9% drop over the balance in the same month last year. The figures were released by the Ministry of Development, Industry, Commerce and Services.
The balance came below expectations from economists consulted by Reuters, who predicted surplus of $ 6.450 billion for the month.
*With information from Reuters
Source: Moneytimes
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