African nation’s citizens vote in favor of new constitution solidifying junta leader’s rule

The dollar closed higher on Thursday as investors awaited the U.S. payroll report. Concerns about Brazil’s fiscal situation supported the American currency’s upward movement. The dollar rose as much as 1.20% before settling back. At the end of trading, the spot dollar showed a 0.54% increase, reaching R$ 5.47. It touched a low of R$ […]

Brazil’s Finance Ministry has raised the 2023 GDP growth forecast from 2.5% to 3.2%, while keeping this year’s inflation outlook at 4.85%. The MacroFiscal Bulletin shared these updates on Monday. Guilherme Mello will present these numbers. The government’s new outlook is more upbeat than market predictions. The Focus Bulletin shows market forecasts at 2.89% for […]