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For Wall Street, Brazil Is Back, Baby!

Posted July 15, 2019July 15, 2019 SRAPLeave a comment

Brazil is on a tear lately. Its Bovespa Index is the beating all of the emerging markets. It’s besting China. It’s besting Trump’s super-duper stock market here at home. It’s all thanks to a once unpopular pension reform bill, which saw tens of rally late last month in support of the new president’s push to […]

Trump threats drive historic Brazil, Mexico currency divergence

Posted July 15, 2019July 15, 2019 SRAPLeave a comment

BRASILIA (Reuters) – The fate of Latin America’s two main currencies have contrasted so much lately that traders and analysts are questioning whether Brazil’s real can keep rallying while the Mexican peso slides. The two emerging market currencies usually move in tandem with each other, but foreign trade spats, domestic politics and economic data have […]