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By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - The U.S. dollar opened this morning (Wednesday, July 4th) with a slight increase of 0.17 percent, selling at R$3.9019/US$1, among the strongest exchanges to the Brazilian real since March 2016,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The volatility of the U.S. dollar is not only affecting American residents, but also Brazilians and expats who plan to travel abroad during the end-of-year holidays. With the U.S. Presidential...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Financial institutions consulted by the Central Bank (BC) of Brazil reported that the projected growth of the Brazilian economy in 2017 increased from 1.1 percent to 1.2 percent. The...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Yesterday (Wednesday, May 11th) in anticipation of the Brazilian senate's vote to continue with the impeachment process of President Dilma Rousseff, the Brazilian real currency closed stronger to the U.S....
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The political turmoil faced by Brazil in the past week has led the foreign exchange rate to fluctuate significantly, with the U.S. dollar falling to its lowest rate in relation...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Despite the news yesterday that the Brazilian economy ended 2015 with the biggest GDP drop in 25 years the financial market saw a surge. The Brazilian real currency closed at...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Forecasts by financial analysts for Brazil’s Gross Domestic Product (GDP) growth rate in 2015 continue to deteriorated, from a contraction of 2.85 percent to 2.97 percent last week, according to...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – This week the government announced it had authorized the increase of gasoline and diesel fuel prices at Petrobras’ refineries. The price increase will vary from four percent for diesel to...
Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL – Around 22 years ago, writing for another Rio publication and using his real name (no pun intended), the Curmudgeon correctly predicted that there would be yet another maxi-devaluation of the currency,...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Central Bank in Brazil has increased once again its forecast for inflation this year. According to the latest Quarterly Inflation Report, released on Thursday by the institution, inflation in...
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