We’re covering today what is happening to the Brazilian currency. Big banks are still profiting … for now. And the latest twist in the killing of a crime boss with links to the Bolsonaro family.
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Guedes talks, the currency drops
A day after Economy Minister Paulo Guedes said a weak Brazilian currency is “good for everybody,” the Central Bank intervened in the currency derivatives market by selling USD 1 billion in foreign exchange swaps—a move usually aimed at taming speculation. The strategy triggered a reversal in the USD-BRL rate,...