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Greenback Slides: Commodities and Currencies Align
Thursday marked a notable shift as the U.S. dollar fell to R$5.25, concluding a streak of gains. This downturn wasn’t an isolated event; it mirrored broader international market trends where emerging currencies gained strength, bolstered by robust commodity performances. The day’s trading closed with the spot dollar down by 0.64% to R$5.249 for buying and […]
EU competitor to China’s Silk Road seeks entry in Latin America
The Global Gateway initiative by the European Union (EU), a significant infrastructure development program, took center stage at the recent summit with the Community of Latin American and Caribbean States (CELAC). The program aspires to cultivate sectors such as raw materials, tech infrastructures, clean energy, and health, targets Latin America, Southeast Asia, and Africa. EC […]