INSUBCONTINENT EXCLUSIVE:
The US dollar gained strength against the Brazilian real on Wednesday, October 9, 2024
trading session, the dollar briefly surpassed the R$5.60 mark
They proposed a 0.50 percentage point cut in the base rate at their September meeting.Dollar Surges Past R$5.60 Amid Global Economic
(Photo Internet reproduction)However, the minutes also indicated a lack of commitment to any specific pace of future rate cuts
This information led market participants to anticipate a smaller 0.25 percentage point cut in November.As a result, US Treasury yields
continued their upward trajectory
The Chinese government announced plans for a press conference on Saturday, October 12.During this event, the Ministry of Finance will
outline fiscal stimulus measures aimed at boosting the economy
highlighted that emerging market currencies were losing value against the dollar during the trading session
sufficient information to significantly alter the current market consensus
Expectations still point to two additional 0.25 percentage point interest rate cuts by the end of the year.As global economic uncertainties
interplay of monetary policies, economic indicators, and geopolitical factors shaping currency markets worldwide.
