South America is the next retail frontier as Brazil, Uruguay and Chile top China and India for new expansion opportunities.
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.
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 will extend for at least six months its daily currency interventions as the government supports the real to fight above-target inflation.
Brazil’s budget surplus before interest payments exceeded expectations in May, providing additional support for the central bank in its efforts to cool the fastest inflation since 2005.
"They're making it more expensive to lend dollars and limit how much banks can hedge."
- Pedro Tuesta on Dec 31, 2014