The Brazilian financial market reacted significantly to recent economic indicators and political developments. The U.S. inflation data released on Wednesday influenced global markets, leading to a sharp decline in the Ibovespa and a stable close for the dollar at R$ 5.76. On Thursday, the dollar rose due to fears of new tariffs announced by U.S. President Donald Trump and strong retail numbers in Brazil, while the Ibovespa fluctuated. By Friday, the dollar closed stable at R$ 5.76, with investors remaining cautious about Trump's retaliatory tariffs. On Friday, the dollar fell to R$ 5.69, its lowest level in three months, driven by a drop in President Luiz Inácio Lula da Silva's approval ratings to 24% from 35%, as reported by a Datafolha survey. This decline in Lula's popularity, coupled with favorable external conditions, led to a significant rise in the Ibovespa, which closed above 128,000 points, marking its highest level of the year.