Despite a 24.6% drop, 2024 posts second-best performance; exchange rate and U.S.-China tensions add to doubts 01/07/2025 Brazil’s trade surplus for 2024 reached $74.55 billion, a 24.6% drop from the record-breaking $98.9 billion in 2023. Despite the decline, 2024 still secured the second-highest trade surplus since official records began, in 1997, according to the Ministry […]
Monetary authority sold $21.574bn in the spot market and $11bn in line auctions 01/06/2025 Currency interventions conducted by Brazil’s Central Bank in December decreased international reserves by $33.3 billion in one month, bringing the total to $329.7 billion by the end of 2024. At the end of November, the reserves level was $363 billion. Despite […]
Institutional investors follow suit, ending the year with net withdrawals on the secondary market 01/06/2025 The turbulence triggered by the government’s unveiling of weaker-than-expected fiscal measures, anticipation of aggressive protectionist policies from Donald Trump, and rising Selic rates kept foreign investors at bay from Brazil’s stock market throughout 2024. Data from B3, the Brazilian stock […]