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Economy Minister Haddad To Meet With Investors In Haddad

BRAZIL
  • A slightly firmer greenback and below-estimate inflation data prompted USDBRL to close in the green on Tuesday. The pair eroded a small amount of the substantial move lower on Monday and remains below the key pivotal level of 5.00 as we approach the US inflation data.
  • Estado reported that an amount of 10 billion reais will be advanced by the federal government to states and cities, according to the Institutional Relations Minister Alexandre Padilha. The sum in 2023 represents a compensation for losses with state tax ICMS collection, which already has a complementary bill being processed in the Chamber.
  • Economy Minister Haddad is expected to meet with investors and environmentalists in NY. Separately, Petrobras CEO Jean Paul Prates and Energy Transition Director Mauricio Tolmasquim to make presentation during event Brazil WindPower in Sao Paulo (4pm local time).
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