This Friday, the U.S. dollar achieved a significant uptick against the Brazilian real, recording its strongest weekly appreciation in six months. Driven by US consumer inflation data, rise suggests tempered expectations for Fed monetary easing this semester. The dollar rose by 0.60% to 5.1213 reais, though it had earlier surged over 1% to reach 5.1496 […]
Related Posts
Bolsonaro’s Backers Call for Judge’s Exit
In January 2023, followers of Brazil’s former President Jair Bolsonaro made headlines in what was called the Brazilian Spring. They stormed key government buildings in Brasilia during Luiz Inácio Lula da Silva’s presidential inauguration. The incident aimed to disrupt the transfer of power. The goal of the storming was to be allowed to view the […]
Venezuela Flags US Base Plans in Disputed Zone to UN
Venezuela has informed the UN about the U.S.’s plans to set up a military base in disputed territory with Guyana. Foreign Minister Yván Gil spoke at the 78th UN General Assembly in New York. He criticized the U.S. for raising tensions by pursuing this action. Moreover, he questioned America’s involvement in the long-standing issue between […]
