On Wednesday, the dollar opened 0.41% lower at R$ 5.2080, reflecting the cautious mood in the Brazilian market. Investors were particularly attentive to the extrajudicial liquidation of Banco Pleno, which is connected to the Banco Master conglomerate. This situation arose from worsening financial conditions and non-compliance with regulations, as indicated by Brazil's Central Bank. The Deposit Guarantee Fund (FGC) revealed that Banco Pleno has around 160,000 creditors with eligible deposits totaling R$ 4.9 billion, and it is now working to ensure reimbursement according to the applicable rules.

Despite the Carnival holiday affecting market hours, with trading resuming only after 1 PM, investors remained focused on significant economic updates. The Central Bank was expected to release the Focus Bulletin at 2 PM, which reports currency analysis, and at 2:30 PM, the weekly foreign exchange flow will be published to assess dollar movements and their potential impact on the Brazilian real. Meanwhile, economic indicators released that morning in the United States showed mixed results, further influencing market sentiment and investor decisions in Brazil.

The ongoing issues with Banco Pleno have implications for the Brazilian banking sector, raising concerns about liquidity and financial stability. The situation is significant not only for those directly involved but also for broader market confidence, as investors weigh the impact of upcoming economic indicators and monitor the government's response. This precarious atmosphere could lead to continued volatility in the Brazilian market in the short term as key data is awaited, reflecting on both domestic and international economic conditions.