The U.S. dollar dipped over 1% to under R$5 on Wednesday, reacting to the Federal Reserve’s decision to keep its base rate steady and project a 0.75 percentage point cut by year-end. Despite expectations of inflation exceeding forecasts, the Fed’s stance remained unchanged from its December outlook. Ten of 19 officials anticipate at least a […]
In the first two months of 2024, Brazil witnessed a notable 24% decline in rice exports, shifting from 239.4 thousand tons in the same period in 2023 to 182.1 thousand tons. The downturn led to reduced foreign exchange earnings, dropping from $74.5 million to $60.8 million, as reported by Abiarroz. The significant increase in domestic […]
Following a sluggish start to the day, Bitcoin (BTC) witnessed a notable recovery, turning positive by Wednesday afternoon. From an early low of $60,900, the cryptocurrency soared to approximately $67,300 by 17:50. The rise mirrored Wall Street’s uptick, with major stock indices closing higher and setting new records. This was influenced by the Federal Reserve’s […]