INSUBCONTINENT EXCLUSIVE:
The dollar strengthened against the Brazilian real on Wednesday, October 16, 2024
The currency closed at R$ 5.6651, a slight increase of 0.14%
This movement aligned with global trends, as the DXY index rose by 0.30%.Finance Minister Fernando Haddad addressed fiscal concerns
He announced plans to adjust spending growth dynamics
Some measures may require constitutional changes.Haddad emphasized the need for careful calibration of expenditure evolution
The government aims to prioritize this fiscal agenda by year-end.Planning Minister Simone Tebet also mentioned a structural review of
expenses after municipal elections
Iron ore fell by over 1% in China due to demand uncertainties
Oil prices extended previous losses as Middle East conflicts remained in focus.Dollar Edges Up to R$ 5.66 Amid Fiscal Concerns and Commodity
Markets anticipate new stimulus measures for the real estate sector
Economic OutlookBrazil reported positive total currency flow in October
Up to October 11, the inflow reached US$ 2.550 billion, driven by commercial transactions
The year-to-date total showed a positive flow of US$ 9.313 billion.Commercial area performance contributed significantly, with a surplus of
domestic and international factors
Fiscal policy developments in Brazil continue to influence currency movements.In addition, global commodity trends and monetary policy
decisions abroad also shape the exchange rate landscape.As economic conditions evolve, market participants will closely monitor these
