INSUBCONTINENT EXCLUSIVE:
The US dollar weakened against the Brazilian real on Monday, November 4, 2024
This shift came after Finance Minister Fernando Haddad suggested an imminent release of the fiscal pact.The currency closed at R$ 5.7831,
He announced that the public spending cut package would likely be revealed this week.The minister emphasized the advanced state of technical
European trip, further boosted market confidence
This move came after recent market volatility, which saw the dollar reach its second-highest nominal value in history last Friday.Dollar
Dips as Finance Minister Hints at Fiscal Plan Release
Financial analysts raised their inflation projections for both 2024 and 2025
They now expect higher interest rates, predicting the Selic rate to end 2025 at 11.50%.Currency Market DynamicsGlobally, the dollar
retreated as US Treasury yields fell
show a tight race between Vice President Kamala Harris and former President Donald Trump in key states
The market consensus anticipates a 25 basis point cut in US interest rates.This would bring the rate to a range of 4.50% to 4.75% annually
to domestic fiscal developments
