southamerica
The era of the super peso is over as the currency continues its downtrend. The USD/MXN exchange rate rose for the fourth consecutive day even as the US dollar index tumbled below $101. It jumped to a high of 19.33, its highest point since August 7. The pair has soared by over 18.9% from its lowest point in April, making the Mexican peso one of the worst-performing emerging market currencies. In contrast, the South African rand has jumped by over 7.7% in this period while the Chinese yuan has jumped by over 2.5% from its highest point in July. End of the super pesoThe Mexican peso has been one ...
Invezz
The Ibovespa, Brazil’s benchmark stock index, surged to a new record high on Monday, trading near 134,780. This significant rise was driven by growing optimism surrounding potential interest rate cuts by the Federal Reserve, alongside key economic data releases. As investors navigated a mix of global and domestic influences, the Brazilian stock market displayed remarkable resilience and momentum. Optimism over rate cuts fuels market rallyThe Ibovespa’s early surge reflected the market’s positive sentiment, largely fueled by expectations of upcoming interest rate cuts from the Federal Reserve. ...
Invezz
As Latin America’s economic outlook becomes increasingly uncertain, the region’s youth are gripped by growing financial fears. According to a recent Statista report, personal finances and income stability have emerged as top concerns for young people across the continent. This anxiety is compounded by the International Monetary Fund’s (IMF) latest economic projections, which highlight the potential resurgence of inflationary pressures and escalating social tensions. Despite decades of progress, poverty and inequality continue to loom large, further exacerbating the financial worries of Latin A...
Invezz
Brazil’s economic landscape is showing promising signs of recovery and growth, as reflected by the latest data from the IBC-Br Index of Economic Activity. The most recent figures from Banco Central do Brasil reveal a notable 1.4% increase in the IBC-Br for June 2024, marking the first substantial growth since February 2023. This uptick underscores a potential economic boom for the country, driven by resilient performance across key sectors. The IBC-Br Index is a critical gauge of Brazil’s economic health, serving as an early indicator of GDP trends. It tracks output across agriculture, industr...
Invezz
Colombia’s economy has experienced a robust rebound in the second quarter of 2024, showcasing a significant 2.1% year-on-year increase in gross domestic product (GDP). This upturn marks the strongest growth since the first quarter of 2023, highlighting the country’s resilience and economic dynamism in the face of previous challenges. The latest data from Colombia’s Department of National Statistics Administration (DANE) reveals a dramatic improvement from the 0.7% GDP growth reported in Q1 2024. The recovery was fueled by notable gains in major economic drivers, including gross fixed capital f...
Invezz
In a bold move to enhance its global standing, Venezuela has proposed leveraging its vast oil reserves to gain membership in the BRICS group, comprising Brazil, Russia, India, China, and South Africa. This push for inclusion comes amid significant political unrest and economic challenges within the country. President Nicolás Maduro publicly affirmed Venezuela’s ambition to join BRICS during a recent broadcast of his radio show, “Con Maduro de Repente.” ‘Venezuela is being reborn both internally and externally’Maduro described the move as a pivotal step towards connecting Venezuela with a new w...
Invezz
Arabica coffee futures have surged by 5%, reaching $2.44 per pound, as concerns over supply intensify following reports of mild frost in key coffee-producing regions of Brazil. Although the current frost is not immediately harmful to crops, it has heightened market caution, reflecting the potential impact on Brazil’s coffee output and the broader coffee industry. This development underscores the fragility of coffee production in the face of unpredictable weather patterns. Brazil contributes 40% of the global supplyArabica coffee, the preferred variety for futures contracts traded on the Interc...
Invezz
Venezuelan President Nicolás Maduro has escalated tensions with Elon Musk by ordering the temporary blocking of access to X, the social media platform previously known as Twitter. This move, which comes in the midst of an ongoing online dispute between the two and in the wake of Maduro’s controversial re-election, represents a significant clampdown on dissent within the country. Maduro accuses Musk of fueling unrestMaduro, who often portrays himself as a revolutionary socialist, has accused Musk of using X to promote protests and unrest in Venezuela. The president claims that these actions are...
Invezz
Mexico’s inflation rate surged to 5.57% in July 2024, marking the highest level since May 2023 and surpassing previous market forecasts. This significant rise, up from 4.98% in June, underscores the growing economic pressure in the country. The increase is largely attributed to sharp price hikes in essential sectors such as food, housing, education, and services. Key drivers of inflationThe Instituto Nacional de Estadística y Geografía (INEGI) reports that the escalating cost of food and non-alcoholic beverages has been a major driver of Mexico’s inflationary trend. Prices in this category sur...
Invezz
The USD/MXN exchange rate has erased most of its Monday’s gains as traders focus on the upcoming Banxico interest rate decision. The pair, which soared to 20.24 on Monday amid the unwinding of the Japanese yen carry trade, has retreated to 19.30. Banxico central bank decisionThe USD/MXN pair wil be in the spotlight as the Mexican central bank delivers its August decision. This decision will come after thebank started cuttng rates in its March meeting when it slashed rates by 25 basis points to 11%. Since then, the bank has left rates unchanged at 11% in the last three consecutive meetings as i...
Invezz
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら