Brazilian markets rally: Ibovespa +2.22%, dollar falls to R$5.505
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A coalition of organizations released a manifesto urging the next Brazilian government to prioritize enforcement of the constitutional salary ceiling, proposing 11 measures to curb payments above it. At least R$24 billion was paid above the ceiling in 2025, indicating systemic non-compliance. The initiative signals a potential political agenda item ahead of the next administration, but its legislative impact remains uncertain.
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