Brazilian President Jair Bolsonaro on Thursday said he never intended to attack any branch of the government, as he sought to defuse a dispute with the Supreme Court in a move that boosted markets.
Earlier this week, as pro-Bolsonaro marches took place across Brazil, the president called on Supreme Court Justice Alexandre de Moraes to step down and said he would no longer comply with his rulings, deepening a rift with the judiciary.
Brazil's currency strengthened dramatically after the presidency released its statement, closing 1.8% stronger against the dollar. After losing 4% on Wednesday in the wake of the controversial comments, Brazil's Bovespa stock indexIn his statement, the former army captain said his occasional strong language came from "the heat of the moment" and any problems with the justices should be resolved in court.
The president's poll numbers are already slipping as he has overseen the world's second deadliest coronavirus outbreak, nearly double-digit inflation and stubborn unemployment levels ahead of next year's presidential election.
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