Tensions between Argentina and Paraguay are rising after Paraguay stopped selling excess energy to Argentina from the Yacyretá hydroelectric plant. This decision came after Argentina started collecting tolls from foreign ships on the Paraná River. The toll became effective on January 1, 2023, but its impact grew in early September. On September 18, Paraguay’s Vice […]
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Dollar Drops as Brazil Cuts Rates
The US dollar dropped this Friday following news of slower-than-expected job growth in the United States for October. After a national holiday, Brazilian investors responded. They considered monetary policies from Brazil and the US. The Brazilian central bank cut the Selic rate. It dropped by 0.50 percentage points. Now, it’s 12.25% per year. The US […]