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Supreme Court Authorises Bolsonaro Investigation

BRAZIL
  • Central bank releases Focus survey, with analyst's estimates for GDP, FX, inflation and Selic rate, on its website at 8:25am. Last week, economists raised their estimates for IPCA index 2021 to 5.97% from 5.90%.
  • Brazil's Supreme Court Justice Rosa Weber authorised the start of an investigation into President Jair Bolsonaro for possible negligence in the handling of corruption allegations related to the purchase of vaccines from India.
    • Weber, who's responsible for the case at the top court, said that the suspicion of a possible delay of an official act by the president could temporarily suppress the immunity provided for him by the constitution. (BBG)
  • USDBRL popped higher on Friday's headlines of the prosecutor general office requesting the investigation. The Real underperformed, closing down 0.2% from Thursday, in the face of a softer dollar and regional currency strength.

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