INSUBCONTINENT EXCLUSIVE:
On Friday, the United States dollar reached its highest point against the Brazilian real since early 2023.This surge was fueled by strong
Reserve may hold off on rate cuts next year.As United States rates stay competitive, global capital continues to favor the
trends.Dollar Surges as Brazil Faces Fiscal Uncertainty
surged.Haddad discussed managing rising mandatory expenses that threaten funding for other essential services.Although he made no definitive
promises, the mere suggestion of fiscal instability worried investors.Earlier in the day, the Ibovespa index had gained 1.23%
Following the leak, it dropped 1.73%, and interest rates rose significantly.Haddad robustly denied any misinformation and affirmed no
immediate changes to fiscal policies
discretionary funds due to increased mandatory costs for sectors like healthcare and education.While Haddad confirmed ongoing plans with
President Lula, details remained sparse
potential diminished influence and ongoing doubts regarding fiscal policy stability.Despite market unrest, Haddad stressed the importance of
