South America is the next retail frontier as Brazil, Uruguay and Chile top China and India for new expansion opportunities.
Brazil will extend for at least six months its daily currency interventions as the government supports the real to fight above-target inflation.
Brazil will extend for at least six months its daily currency interventions to help support the real as part of its fight against above-target inflation. The currency gained.
Brazil’s industrial production in December fell by the most in five years, surprising analysts, as the central bank continues to boost interest rates in the world’s second-biggest emerging market. Swap rates fell.
"The market is used to seeing inflation around the upper range of the target so it's not such a surprise, and the market is taking it in stride."
- Pedro Tuesta on Sep 19, 2014