The ongoing and relentless ascent of gold prices to unprecedented record levels continues to baffle and perplex numerous market analysts and experts. Oil’s price increase has made hedging against its rise more costly, signaling a strong bullish sentiment in the market. The U.S. wheat harvest coincides with a growing health consciousness, leading to reduced wheat […]
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Blue Dollar in Argentina Reaches September Peak
Argentina’s blue dollar reached its September peak, closing at 738 pesos, an increase of 8 pesos or 1%. Over the last two trading days, it gained 16 pesos, marking a 2.21% increase. In contrast, the official wholesale dollar rate has a 111% lower value. Similarly, the retail dollar open to the public lags by 101%. […]
Brazil’s Fiscal Challenges Hinder Investment Grade Rating
Rating agencies express concerns about Brazil’s debt management, highlighting fiscal challenges that impede its path to investment grade status. S&P Global, Fitch, and Moody’s warn about Brazil’s public debt management. Especially after authorities recently announced that the country’s 2024 budget deficit is projected to reach nearly R$100 billion These issues limit the potential for rating […]
