Forex - Americas

Brazil’s Minimum Wage Has Outrun Its Economy by Six to One – and the Bill Is Coming Due

Real wages up 188% since the Plano Real, productivity up 30%. With debt heading for 95% of GDP and the Selic pinned at 15%, Brazil's social model is running out of room.

Argentina Targets Hidden Dollar Hoards with Radical Tax Reform

Argentina formalizes ambitious tax reform targeting $170bn in undeclared 'mattress dollars' to boost currency stability and forex reserves

Mexican Peso Strengthens to 17.18 Per Dollar in Third Straight Session

Mexican peso strengthens to 17.1804 per dollar with 0.12% daily gain, marking third consecutive session of appreciation according to Banxico data.

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