Brazil's currency hits record low on skepticism about fiscal measures By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2024
0mins
Should l Buy ?
Source: Investing.com
Brazil's Currency Decline: Brazil's currency, the real, reached an all-time low as investors anticipated fiscal measures from Finance Minister Fernando Haddad, who announced an expanded income tax exemption instead of expected spending cuts.
Market Reactions and Future Measures: The announcement led to a 1.8% drop in the real and a decline in the Bovespa stock index, with concerns that the tax exemption could hinder discussions on necessary spending controls in Congress.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
