Rabobank Analysts Assess Outlook for Brazilian Real

USD/BRL

Rabobank analysts believe that the Brazilian Real (BRL) will depreciate against the US Dollar (USD) in the near term, due to a combination of domestic and geopolitical factors. Externally, the Hamas attack on Israel has triggered a global risk-off sentiment, which is likely to weigh on emerging market currencies like the BRL. Additionally, the strong […]

HP Stock Rallies on Solid Profit Forecast, Dividend Hike

HP

HP Inc. shares rose after the company released its earnings forecast for the fiscal year beginning in November. The company expects revenue to grow 2% to 4% annually and earnings per share to grow in the high single-digit percentage range. HP also expects free cash flow to grow in line with profits and to return […]

Argentine Peso Hits Record Low as Frontrunner Milei Calls for Dollarization

USD/ARS

Ahead of Argentina’s presidential election, frontrunner Javier Milei has caused the peso to plummet against the US dollar by calling for the country to adopt the dollar as its official currency. Milei’s proposal has met with mixed reactions, with business leaders largely opposed to full dollarization. They argue that it would cede monetary control to […]

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