Thursday’s Morning Call for Brazil: Economic Pressures and Fed Caution
Brazil’s Ibovespa index fell yesterday for the fourth straight day, reaching a May low of 125,000 points. Concurrently, the Brazilian real ranked among the weakest globally, as the U.S. dollar climbed by 0.78%, peaking at R$5.164. These declines followed comments from Brazil’s Finance Minister Fernando Haddad on local monetary policies and the conservative outlook in […]