Financial Whirlwind: Brazil’s Market Faces a Week of Declines and Dollar Gains
This week, Brazil’s financial scene saw significant swings, with the Ibovespa index dropping 3% and the U.S. dollar rising 1.27% against the real. The Ibovespa closed at 124,305.57 points amid market turmoil, spurred by Brazil revising its 2024 deficit forecast to R$14.5 billion (about $2.81 billion), or 0.1% of GDP. This update deepens concerns over […]