Brazilian assets pressured by lower rates

Brazilian financial assets faced a wave of sell-offs after the Central Bank's decision to cut the main interest rate for the third consecutive time to 14.25%. This led to a decline in the value of the real against the dollar, with the exchange rate reaching 5.1674 reais per dollar. Additionally, future interest rates for 2031 increased by about 20 basis points amid concerns that ongoing monetary easing could exacerbate inflation.

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