INSUBCONTINENT EXCLUSIVE:
The US dollar edged higher against the Brazilian real on Tuesday, November 26, 2024
It closed at R$ 5.8081, a slight 0.04% increase
preview for November, the IPCA-15, jumped to 0.62%
He stated that the government had resolved the final details with President Lula.The market eagerly anticipates these announcements,
(Photo Internet reproduction)The DXY index, which measures the dollar against six major currencies, rose 0.18% to 107.003 points
Policymakers disagreed on the extent of future interest rate cuts
However, they agreed to avoid specific forward guidance
This uncertainty added to currency market fluctuations.Traders now see a 59.6% chance of a 25 basis point rate cut in December
The shift shows how sensitive markets are to Fed communications.In geopolitical news, Israeli Prime Minister Benjamin Netanyahu discussed a
potential ceasefire with Lebanon
He warned of strong responses to any Hezbollah violations
The recent inflation data may influence their interest rate policy.Some economists now predict the benchmark rate could reach 13% by early
These include domestic inflation concerns, fiscal policy uncertainty, and global economic trends
Investors continue to navigate this complex landscape, balancing risks and opportunities.As the week progresses, market participants will
closely watch for the fiscal package details
