This Wednesday marked a significant moment: the U.S. dollar soared to R$ 5.30, reaching its highest point in 15 months. This spike is tied to fears over Brazil’s fiscal policy, especially potential changes that could scrap taxes on certain imports under the Green Mobility and Innovation Program. The Brazilian real has steadily lost ground, depreciating […]
Related Posts
Record debt among Brazilian families, surge highest reported since January 2010
The National Confederation of Commerce of Goods, Services, and Tourism (CNC) revealed that the percentage of Brazilian families with overdue debts increased by 0.2 percentage points in June, reaching a record high of 78.5 percent. This surge in debt is the highest reported since January 2010 when the survey began. Out of all households with […]
Monday’s Morning Call: Brazil’s Market in a Nutshell
Brazil faces economic difficulties, with the Ibovespa index, a major economic measure, falling significantly and losing $121.1 billion since 2021. Its current market value is $366.97 billion, a significant drop from its peak. Moreover, investors have pulled out over $82.57 billion during this downturn. Adding to the concerns, foreign investment has decreased, with about $2 […]
Economic Calendar: Inflation Data and Fed Minutes Take Center Stage This Week
The economic calendar from October 7 to 11 kicks off with the Focus Report on Monday, bringing crucial events for investors to watch throughout the week. This document, prepared by the Central Bank of Brazil, presents key economic forecasts from the market. The General Price Index – Internal Availability (IGP-DI) also comes out on Monday. […]