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Dollar Opens Higher

by Sophie Laurent

Key Takeaways

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  • The U.S. dollar gained 0.47 against the Brazilian Real, with focus on upcoming U.S. inflation data and interest rate adjustments, as well as ongoing Banco Master investigations.
  • Brazils annual inflation rate decreased to a 12-month accumulated deflation of 2.25%, as the February General Price Index – 10 (IGP-10) fell by 0.42%. Retail sales showed a 2.3% year-over-year increase, but decreased by 0.4% in December.
  • Supreme Court Minister Dias Toffoli has stepped down from leading the Banco Master case inquiry, with Justice Andre Mendonca now supervising the investigation.
  • Investors are analyzing recent results from Usiminas (USIM5), Vale (VALE3), and are examining a R$3.6 billion loan default by Banco do Brasil.

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U.S. Dollar Gains, Brazil Inflation Falls Amidst Banco Master Investigations and Interest Rate Fluctuations

The dollar opened this Friday (13th) with a 0.47 gain, trading at R5.2240, as markets focus on upcoming U.S. inflation data, which may influence interest rate adjustments, and on the Banco Master investigations. Brazil’s Ibovespa stock index opened at 10 a.m., prior to the Carnaval break. Investors are closely monitoring the U.S. Consumer Price Index (CPI) to predict potential shifts in interest rates. In Brazil, the February General Price Index – 10 (IGP-10) fell by 0.42, a weaker-than-expected result that surprised analysts. This decline brings the annual inflation rate to a 12-month accumulated deflation of 2.25%. According to reports from IBGE, retail sales decreased by 0.4% in December but showed a 2.3% year-over-year increase. In political news, Supreme Court Minister Dias Toffoli has stepped down from leading the Banco Master case inquiry. While his past decisions remain valid, Justice Andre Mendonca will now supervise the case. Turning to business, investors are analyzing recent results from Usiminas (USIM5) and Vale (VALE3). Analysts are also examining Banco do Brasil’s R$3.6 billion loan default. (G1)

In Case You Missed It

In other thrilling news from the PlayStation universe, Ahmed Hassan recently dropped not one but two exciting pieces on God of War’s future. First up, in his February 12th post titled “God of War May Arrive on Xbox and Nintendo” God of War May Arrive on Xbox and Nintendo, Ahmed explores rumors surrounding a potential Metroidvania-style God of War game that could cross platforms to reach PC, Switch 2, and Xbox Series – with whispers suggesting it’s “God of War meets Blasphemous.” Just one day later, Ahmed published another bombshell: “Sony Announces God of War Remake Trilogy” Sony Announces God of War Remake Trilogy. This time, he reveals that Sony is revamping the original God of War trilogy with updated visuals and T.C. Carson reprising his role, promising a fresh experience for both old fans and newcomers alike. But wait, there’s more! Bruno Pferd recently dropped another exciting report on February 13th titled “Sony ‘Shadow Drops’ God of War: Sons of Sparta, Announces Original Trilogy Remake” Sony ‘Shadow Drops’ God of War: Sons of Sparta, Announces Original Trilogy Remake. In this thrilling piece, Pferd unveils two major franchise updates: a side-scrolling spin-off called “God of War: Sons of Sparta” promising arcade-style gameplay with Kratos in classic Greek myth settings, and plans for a full remake trilogy for modern hardware that honors the original story. With all these exciting developments, there’s never been a better time to be a God of War fan!

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