Tag: Exchange Rate
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Ibovespa closed with a 1.46% increase on Monday and rose 3.27% in July. What drove the index’s growth?
The index registered its fourth consecutive month of gains, primarily driven by commodities-related stocks this time. In July, the Ibovespa closed with a 3.27% increase, marking its fourth consecutive monthly gain. On the last trading day of the month (July 31st), the main index of the Brazilian stock exchange rose, driven by commodity exporters and…
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Investing in Brazil: Unlocking Opportunities for Foreigners
Introduction:Investing in foreign markets can be an exciting endeavor, and Brazil stands out as a compelling destination for international investors. With its vibrant economy, abundant resources, and growing industries, Brazil offers a plethora of investment opportunities across various sectors. In this blog post, we will delve into the key factors that make Brazil an attractive…
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Why interest rate is so high in Brazil and how can you take advantage of it?
Introduction The interest rate is the amount of money you pay to borrow money. It’s expressed as an annual percentage and it’s usually calculated on an annual basis, but sometimes it can be monthly or daily.Interest rates are very important for everyone who uses credit cards, loans or mortgages because they determine how much you…
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Brazilian stock index Ibovespa closes at record high
Even after advancing more than 10% in October, the Ibovespa started the month of November going up, giving signs that it still has the breath to seek new levels. And the first barrier has already been broken: with this Thursday’s performance (November 1), the index renewed its intraday and closing highs. At the best moment…
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Brazilian Government Announces Economic Package with 12 Measures
President Michel Temer announced on Thursday (15) a new economic package with measures to stimulate the economy. Also taking part in the announcement were the house or representative’s president, Rodrigo Maia (DEM-RJ), Senate’s President Renan Calheiros (PMDB-AL), Finance Minister Henrique Meirelles and the Minister of Planning, Dyogo Oliveira. Temer started the announcement saying that the…
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EWZ: Ibovespa has its best semester since 2009 and US$ drops 18.6% versus the Brazilian Real
Brazilian’s most traded stock ETF in the US, EWZ soared 46.5% in the same 6 months: In the beginning of the year, the perspective for the Brazilian market was not good with the country in recession and inflation sky rocketing. However, in the middle of February, the inflection started fueled by a global recover in…
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What to Expect for Brazilian Interest Rate in 2016
Monetary Policy Committee (COPOM) has decided to keep the Brazilian interest rate benchmark in Brazil (SELIC) at 14.25% a year, unanimously. The central bank repeated the note issued with the previous decision, in which it says “we see advances in the inflation fighting but the still elevated cost of living and expectations are out of the target”.…
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Foreign investment in Brazil grows in September, covers external gap
Brazil’s current account deficit grew wider than expected in September but was easily covered by foreign investments, central bank data showed on Friday. Brazil posted a current account deficit of $3.076 billion in September, larger than a gap of $2.487 billion in August and the $2.3 billion deficit forecast by economists for the month, central…