Tag: foreign exchange rate
By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Financial institutions in Brazil reduced on Monday the country’s economic growth forecast for the eighth consecutive time this year, showed the Central Bank’s weekly Focus Survey. The estimate for this...
By Lise Alves, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – After four days being closed due to the Carnival festivities, financial markets opened in Brazil on Wednesday afternoon a bit pessimistic. By the end of the day, the US...
By Lise Alves, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – The U.S. dollar closed down on Wednesday by 1.69 percent in relation to the Brazilian real as the country’s stock market registered a record high of 91,012 points. Market...
By Lise Alves, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – The Brazilian real devaluated again on Thursday against the U.S. dollar, with the North American currency registering an appreciation of 1.21 percent during the day and closing at R$4.20/US$1,...
By Lise Alves, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – Brazil’s Consumer Price Index (IPCA), which measures official inflation in the country, registered a 0.09 percent in March, according to the Brazilian Institute of Geography and Statistics (IBGE). This...
By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Finance minister of Brazil, Henrique Meirelles, was quick to deny any discussion within the federal government to increase the IOF (tax over financial operations) for foreign exchange transactions. Despite the...
By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – On a seemingly calm day in the financial market, the U.S. dollar depreciated against the Brazilian real to its lowest value in more than nineteen months falling below R$3.10/US$1. The...
By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Still trying to adjust to the United States’ election results, the Brazilian foreign exchange rate registered the highest daily appreciation of the U.S. dollar against the Brazilian real of the...
By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – As expected, financial markets around the world reacted badly to the victory of Donald Trump as the United States’ next President. In Brazil it was no different. Minutes before Brazil’s...
