INSUBCONTINENT EXCLUSIVE:
The US dollar lost ground against the Brazilian real on Thursday, September 26, 2024
sharp decline in the real estate market and weak domestic demand
(Photo Internet reproduction)It announced cuts to a wide range of interest rates and injected 1 trillion yuan (approximately $140 billion)
This uptick benefited emerging markets and commodity-exporting countries like Brazil.In the United States, new economic data also influenced
The US GDP expanded at an annualized rate of 3.0% in the second quarter, meeting market expectations.The first quarter growth was revised
upward to 1.6% from the previously reported 1.4%
These figures suggested a resilient US economy.The US Department of Labor reported a decrease in initial jobless claims
strength in the US labor market
The bank improved its GDP growth projection for the current year to 3.2% but predicted an economic slowdown for the following year.The
reinforcing the view that the recently initiated interest rate hike cycle would likely extend over the coming months.The bank projected the
Selic rate to reach 12% per annum by the end of the monetary tightening cycle
inflation gauge is scheduled for release the following day
This data point could further influence market expectations regarding US monetary policy.The complex interplay of global economic factors,
vigilant, closely monitoring these developments and their potential impacts on global financial landscapes.
