Lula’s budget deficit has ballooned to a whopping 10% of GDP. Emerging markets are grappling with China’s sputtering economy, geopolitical drama, and the uncertainty of a second Trump administration.

The U.S. dollar was higher on Thursday as markets took U.S. President Donald Trump's latest tariff salvos in their stride, except in Brazil where a threatened 50% levy sent the real sliding. The ...

Brazil's currency weakened on Monday after supporters of right-wing former president Jair Bolsonaro stormed government buildings on Sunday in protest against his election loss. Brazil's real slipped 0 ...