On a day when U.S. markets paused, the Brazilian Real saw a slight resurgence against the U.S. dollar, which closed at R$5.6148, marking a 0.36% decline. This shift broke the dollar’s recent upward trend as September commenced. Typically, the dollar’s performance is reflected against a basket of six major currencies through the DXY index, which […]
Related Posts
Angola’s Sovereign Wealth Fund Rebounds with 10% Return
The Fundo Soberano de Angola (FSDEA) achieved a remarkable turnaround in 2023. It posted record net profits of $199.35 million. This performance marks a 201% increase from the previous year. It represents the fund’s best performance to date, with a 10% overall return. These strong results contrast sharply with the significant losses of $196.65 million […]
Peru Cuts 2023 Growth Forecast to 0.9%
Julio Velarde, the head of Peru’s Central Bank, lowered the country’s 2023 growth forecast from 2.2% to 0.9%. He spoke during the “September 2023 Inflation Report” presentation. Velarde blames the cut mainly on the El Niño weather event and low public trust. The agriculture sector shrank by 2%. Fishing is expected to drop by 27%. […]
