巴西政治进展

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Assets May Remain Pressured Amid Political Woes: Inside Brazil

By?Davison Santana

(Bloomberg) –?Negative sentiment seen on Brazilian real likely to extend as impact from firing of a cabinet member on govt’s relationship with Congress is still unclear and investors adjust positions for risk of a bumpy road to pension reform approval.

While USD/BRL remains under its 200-DMA near 3.82, traders are likely to continue seeking a level to sell dollars in order to benefit from a potential rally on positive news tied to fiscal measures

Magnitude of the currency’s drop yesterday may lead to some technical retracement at open, but mood remains unchanged

Emerging market peers and commodities are facing a slightly negative session amid lack of significant global drivers, with investors still awaiting for any actual announcement from trade negotiations between U.S. and China

President Jair Bolsonaro released a video where he thanks his Secretary General Gustavo Bebianno for the great work during campaign and the first months of govt and said he is?leaving?due to divergent points of view

UOL reported?that video was demanded by Bebianno in exchange of his silence about any campaign details that might harm the president

1st political crisis of Bolsonaro’s govt may still not be over as traders will be focused on anything that Bebianno might say that could weight on President’s political support