INSUBCONTINENT EXCLUSIVE:
dollar achieved a significant uptick against the Brazilian real, recording its strongest weekly appreciation in six months.Driven by US
consumer inflation data, rise suggests tempered expectations for Fed monetary easing this semester.The dollar rose by 0.60% to 5.1213 reais,
most substantial since January.Dollar Ends Above R$5.12, Secures Strong Weekly Gain Amid U.S
(Photo Internet reproduction)Recent data disclosed that the U.S
consumer price index (CPI) increased by 0.4% last month, mirroring the rise in February.Over the past year through March, the CPI grew by
3.5%, slightly above the 3.4% annual increase forecasted by economists.US PPI rises for March below expectations; market skepticism persists
53.2% last week.Further comments from Federal Reserve officials underscored the sentiment.Kansas City Fed President Jeff Schmid: With
citing ongoing high inflation concerns.The rising dollar benefits from higher U.S
trend and challenging outlook for real.
