Rising Dollar Tightens Economic Challenges for Lula’s Government
(Analysis) The Brazilian Real has significantly weakened since the beginning of the year, culminating in the dollar peaking at R$5.268 on Tuesday, April 16. Economists attribute this trend to global risk aversion, which complicates the economic landscape for President Lula's administration. Initially, in early 2024, the dollar was trading below R$4.90. Strong U.S. economic data […]