|Day's range||3.211 - 3.237|
|52-week range||3.0413 - 3.4052|
The Central Bank of Brazil lowered its benchmark interest rate, the so-called Selic rate, by 50 basis points to 7%, in line with FactSet consensus estimates. The central bank cited economic indicators ...
It may be time for Brazil’s currency to strengthen and as fears mount for the Mexican peso. The Brazilian real (BRL) has been under pressure, but that could change as the economy improves and investors return. At the same time, the Mexican peso (MXN) could weaken as North American Free Trade Agreement trade talks resume, says emerging markets foreign currency strategist Kiran Kowshik with UniCredit Bank in London.
BHP Billiton and Vale SA have been granted an extension until Nov. 16 by a Brazilian court to negotiate a settlement on a $47 billion (35.59 billion pounds) claim stemming from the Samarco mine disaster in 2015, BHP said on Tuesday. Brazilian federal prosecutors in May last year served the joint partners in the Samarco iron ore mine with a 155 billion Brazilian real claim to pay for the social, environmental and economic costs of cleaning up the country’s worst environmental disaster. A settlement date of Oct. 30 was set by the court earlier this year after the parties failed to reach an agreement by a previous deadline of June 30.
Sodexo , a French facilities management and vouchers group, said on Monday there would be some impact on its results from the recent rise in the euro . "The currency impact on operating profit will remainjust slightly positive, but less than in the first half, given the recent strength of the euro against the U.S. dollar, sterling and the Brazilian real," Sodexo said in a statement. Sodexo, the world's second-biggest catering services company after Compass Group , confirmed its guidance for operating profit growth at the bottom of an 8-9 percent range for 2017, and announced the completion of the sale of its Vivabox USA arm to Lion Equity Partners.