EMERGING MARKETS-Brazilian real rises after strong GDP, Mexican peso extends decline

Brazil's GDP exceeded expectations, driven by strong consumption and oil and mining output, while Peru's inflation lowered to its lowest point in two years and Chile's economic activity increased for the first time in six months.

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8/22/2023

EMERGING MARKETS-Brazil's real rises as BRICS meets, Lula supports Argentina joining bloc

Brazil's federal tax revenue experienced its biggest monthly decline this year in July, while the Brazilian real rose against the dollar as Brazilian President Luiz Inacio Lula da Silva expressed support for Argentina joining the BRICS bloc.

8/25/2023

Brazil’s Inflation Speeds Past Forecasts After Key Rate Cut

Brazil's annual inflation accelerated more than expected in August, reaching 4.24%, as the central bank continues to cut interest rates in its efforts to boost the economy.

9/12/2023

Brazil Inflation Slows in August, Strengthening Case for Interest Rate Cut

Brazil's annual inflation in August was lower than expected, giving the central bank more leeway to extend interest rate cuts at their upcoming policy meeting.

9/18/2023

Spain's Post-COVID Economic Growth Surpasses Expectations

Spain's post-COVID economic growth has exceeded expectations, with GDP rising by 5.8% in 2022 and 6.4% in 2021, higher than previous estimates, due to new economic data and challenges in measuring economic activity during the pandemic, according to the Institute of National Statistics (INE).