EMERGING MARKETS-Latam FX falls as U.S. inflation optimism fizzles out

emerging markets latam fx falls as u s inflation optimism fizzles out

Sumary of EMERGING MARKETS-Latam FX falls as U.S. inflation optimism fizzles out:

  • Last week, pro-Bolsonaro marches took place across the country, with the president calling on Supreme Court Justice Alexandre de Moraes to step down and said he would no longer comply with his rulings.
  • “In Brazil, the focus will stay on politics and more specifically on whether the truce between the president and the Supreme Court will be a lasting one,” said economists at Deutsche Bank.
  • Brazil’s central bank is likely to intervene in the currency market due to seasonal demand for dollars concentrated near the end of the year, its chief Roberto Campos Neto said.

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