Brazil Daily

Will Bolsonaro be able to regain support in Congress?

Good morning! Brazilian Central Bank to intervene in currency depreciation. Will Bolsonaro be able to regain support in Congress? Income inequality rises for the 17th straight quarter.


Brazilian Central Bank to intervene in currency depreciation

After losing 3% against the U.S. Dollar

over the past 5 days, the Brazilian Real starts this week under tremendous pressure, at 4.10 to the USD—its lowest level in 9 months. And it could get worse, as political strains between the government and Congress threaten to paralyze the reform agenda. At least for now, the Central Bank has decided to tame the loss...

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