Spending cuts announcement for 2025 partially alleviates fiscal concerns – 07/05
In a week marked by the exchange rate reaching highs close to R$5.70, President Lula’s approval for expense reductions next year was well received by the market. On the economic data front, the June trade balance result positively surprised expectations. On the international scene, job creation in the United States slowed in June, although it remains at a high level.
For more information, please check our Weekly Report 71.
