The unofficial dollar in Argentina, commonly called the blue dollar, reached a new peak yesterday, closing at 598 pesos per unit in major exchange houses. It has seen an 8.7% rise in August and increased by 24 pesos in the past week, leading up to the upcoming primary elections. In contrast, the official exchange rate […]
Related Posts
Tuesday’s Morning Call: Rent Index and Earnings in Focus
In today’s market insights, investors eagerly await the April Residential Rent Index and first-quarter earnings reports from key companies. These data releases will significantly impact trading and highlight broader economic trends. Companies scheduled to release earnings today include Engie Brasil, BRF, Carrefour Brasil, Embraer, Telefonica Brasil, Raia Drogasil, Prio, and GPA. Analysts expect Telefonica Brasil, […]
Brazil expects a record farm output in 2023
Brazil expects a record farm output in 2023. Brazil’s agriculture may produce 313.3 million tons in 2023. That’s a 19% rise from 2022, says the stats agency IBGE. Main crops like rice, corn, and soybeans lead this growth. These staples make up 92% of all farm goods. Earlier surveys in July also predicted high numbers. […]
U.S. Dollar Peaks Amid Brazil’s Fiscal Challenges
Amid geopolitical tensions, Brazil’s fiscal challenges, and U.S. interest rate uncertainties, the dollar hit a high on April 16, 2024. It reached $5.2802, marking a 1.84% increase and a peak since last March. Concurrently, Brazil’s primary stock index, the Ibovespa, declined by 0.76% to 124,386.78 points. This decline reflects broader global market downturns, which are […]