Pantheon Macroeconomics - After falling close to 5% last week, the Ibovespa rallied about 3.5% yesterday. Investors reacted positively to President Bolsonaro's expression of support for his Economy Minister, Paulo Guedes, after market concerns about tensions between them.

Latin America | 28 Apr 2020 Brazil's BRL in the Eye of the Storm, Due to Rising Political Risk and Covid
After falling close to 5% last week, the Ibovespa rallied about 3.5% yesterday. Investors reacted positively to President Bolsonaro's expression of support for his Economy Minister, Paulo Guedes, after market concerns about tensions between them.

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28 Apr 2020 Brazil's BRL in the Eye of the Storm, Due to Rising Political Risk and Covid

By Abadia Andres

After falling close to 5% last week, the Ibovespa rallied about 3.5% yesterday. Investors reacted positively to President Bolsonaro's expression of support for his Economy Minister, Paulo Guedes, after market concerns about tensions between them.

Posted: 28th Apr 2020 in 'Latin America'

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