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Oil Surge, STF Crisis, and Rate Decisions Fuel Risk Aversion
Valor Econômico·BR · US · IR·about 14 hours ago
Brazilian equities fell to 186,030.66 and the dollar rose to R$5.147, driven by a domestic institutional crisis involving the Supreme Federal Court (STF) and higher Brent oil prices. The move reflects risk-off sentiment in Brazilian assets, with the STF crisis adding political uncertainty and Brent pressuring inflation and external accounts.