U.S. Dollar Rises as Brazil’s Monetary Policy Faces Political Pressure

On Thursday, the U.S. dollar experienced a notable increase of over 1%, a reaction to the contentious decision by Brazil’s Monetary Policy Committee (COPOM) to decelerate the pace of Selic rate cuts. This decision, a close call at 5 votes to 4, was made late Wednesday, reducing the Selic rate by 25 basis points to […]

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