BRASILIA, Aug 16 Hedge funds and speculators on
U.S. futures markets have almost completely wound down their
bets that the Brazilian real will rise in value, weekly data
from the U.S. Commodity Futures Trading Commission showed on
BRASILIA Brazil's decision to sell dollars on the spot market for the first time in a decade is a sign the central bank is finally willing to reduce its $385 billion pile of foreign exchange reserves, analysts said.
SAO PAULO/BRASILIA, Aug 14 Brazil's central bank
said on Wednesday it would sell dollars outright in the spot
currency market this month for the first time in over a decade,
changing its regular market operations in response to rising
demand for liquidity.
BRASILIA, Aug 14 Brazilian financial markets
slumped on Wednesday, with stocks posting their biggest fall
since March and the currency at its weakest level since May as
fears grew that a recession in the United States could be on the
BRASILIA Latin America's investment climate is gradually deteriorating, with a buildup of recession fears across the region being compounded by market turbulence from the U.S.-China trade war and now a sudden shock of political instability in Argentina.
BRASILIA Economic activity in Brazil fell slightly in the three months to June, a central bank indicator showed on Monday, suggesting Latin America's largest economy may have slipped into recession.
BRASILIA Brazil's central bank cut its benchmark interest rate to a new low of 6.00% on Wednesday, an aggressive first move in a widely anticipated easing cycle to inject life into a moribund economy and prevent inflation from slipping too far below target.
BRASILIA Brazil's central bank is widely expected to cut its benchmark interest rate to a record low on Wednesday, although economists are divided on the pace and depth of an easing cycle aimed at shoring up a sputtering economy.
BRASILIA The Brazilian government's fiscal position improved in June, Treasury figures showed on Friday, with a smaller-than-predicted primary budget deficit for the month helping to narrow the shortfall accumulated in the first half of the year.
BRASILIA, July 26 The Brazilian government's
fiscal position improved in June, Treasury figures showed on
Friday, with a smaller-than-predicted primary budget deficit for
the month helping to narrow the shortfall accumulated in the
first half of the year.