Tag: foreign exchange rate
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...
By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The volatility seen in financial markets this past week due to the upcoming United States Presidential elections on Tuesday, November 8th, is expected to continue until a winner of the...
By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Despite some positive economic indicators, economists are forecasting an even lower economic growth for 2016 than previously estimated, concludes Brazil’s Central Bank in its weekly Focus Bulletin. According to...
By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The U.S. dollar registered a steep devaluation while the São Paulo stock exchange rose on Monday as investors reacted to the deposition of suspended Brazilian President Dilma Rousseff in the...
By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The trade balance in Brazil for January through July of 2016 registered the highest surplus for the period since the series started in 1989, at US$28.23 billion, according to data...
By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Wednesday registered another day of optimism in the Brazilian financial market, with the stock market rising and the U.S. dollar depreciating against the local currency once again. The Brazilian bourse...
