Brazil nixes BRICS currency, eyes less reliance on 'mighty' dollar
By Marcela Ayres, Bernardo Caram and Lisandra Paraguassu BRASILIA (Reuters) - Brazil's BRICS presidency this year will not ...
BRICS won’t launch a common currency in 2025 but still plans to cut dollar reliance
Brazil, which holds the BRICS presidency this year, is steering the bloc toward a shift in global trade strategies. While ...
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Why Brazil's currency depreciation is back to haunt Lula
Brazil's financial world experienced a shock on December 18, when the country's currency, the real, fell 2.8% — hitting an all-time low of 6.2 reals per $1 (6.5 per €1) and shedding almost a ...
Trump's tariffs raise fears Brazil's central bank is out of step on inflation
Brazilian analysts say the tariffs announced by U.S. President Donald Trump against Canada, Mexico and China could cause a ...