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Lula Delays US Ambassador Approval Until After October Election, Escalating Diplomatic Feud
PROPoliticsAug 23

Lula Delays US Ambassador Approval Until After October Election, Escalating Diplomatic Feud

Brazilian President Luiz Inácio Lula da Silva is withholding approval of the US Ambassador-designate, Daniel Perez, until after the October general election, triggering a reciprocal move by Washington.

Brazilian Real's Sensitivity Spikes on Selic Cut Bets and US Sanctions Fear
CurrenciesAug 09

Brazilian Real's Sensitivity Spikes on Selic Cut Bets and US Sanctions Fear

The USD/BRL jumped to R$5.130, fueled by weak industrial data cementing Selic rate cut expectations and rising geopolitical risk from a US diplomatic feud.