Today, amid global market caution, the U.S. dollar is trading at R$ 4.92 in Brazil. In response, both U.S. and Brazilian interest rates have shifted. Federal Reserve Chair, Jerome Powell, hints at another rate hike this year. Furthermore, commodity prices are falling, giving the dollar another boost. Yesterday, the dollar closed at R$ 4.88. It […]
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Weekly copper price decline by 1.6% reported Chilean Copper Council
The Chilean Copper Council (Cochilco) reported that the price of copper, a major Chilean export, was US$3.83 per pound this Friday, marking a weekly decline of 1.6%. This is attributed primarily to Fitch’s downgrading of the US credit rating due to projected fiscal deterioration over the next three years and high government debt, which adversely […]
Ibovespa Gains Amid Strong Results from Itaú and Vale
On the first day of Copom meetings, the Ibovespa closed up 0.58% at 129,210 points, despite mixed results from New York’s markets. The commercial dollar dipped 0.12% to R$5.06, while futures interest rates dropped across the curve, highlighting a positive day for Brazil. Analysts predict a small reduction in the Selic rate by 0.25% to […]
