The Brazilian real traded with a good tone on Tuesday gaining around 1.2% to the USD and closing at USD-BRL 3.089. The BRL traded at the tune of domestic news largely ignoring the global backdrop that continues to watch …
The Brazilian real traded with a good tone on Tuesday gaining around 1.2% to the USD and closing at USD-BRL 3.089. The BRL traded at the tune of domestic news largely ignoring the global backdrop that continues to watch the Greek saga.
Minister Levy was in the tape stating how Brazil continues to engineer further ways to strengthen public finances with tax proposals likely to be voted by the end of June. In addition to the Ministry of Finance efforts, markets continue to digest the probability of higher rates as the central bank (COPOM) did not signal the end of the tightening cycle and still sounds hawkish in its last minutes published last week.
According to Commerzbank, even with the significant improvements that the Brazilian government is doing, the BRL is likely to weaken in the medium-term as a result of the large macroeconomic imbalances that Brazil still faces.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
