Brazil’s Central Bank Signals Rate Hikes, U.S. Dollar Rises Sharply

Contrary to global trends, the U.S. dollar surged against the Brazilian real, climbing over 1% to settle at R$5.48. This notable rise breaks a series of declines prompted by Brazil’s anticipated tighter monetary policy starting in September, following comments from Banco Central President Roberto Campos Neto. While the dollar weakened globally, the DXY index, which […]