Brazil
Brazil’s real strengthened toward 5.46 per USD, regaining ground after the legal and political disputes with the US spiked risk premiums earlier in August. The
August 21, 2025
Brazil’s real strengthened toward 5.46 per USD, regaining ground after the legal and political disputes with the US spiked risk premiums earlier in August. The
Argentina’s trade surplus narrowed to USD 988 mln in July 2025, down from USD 1.459 bln a year earlier but still the highest surplus of
Tunisia’s FX reserves grew to TND 24.23 bln (USD 8.39 bln), covering 105 days of imports. The boost came from higher remittances (+8.2%), stronger tourism
South Africa’s annual inflation accelerated slightly to 3.5% in July 2025, the second consecutive monthly increase and the highest in ten months. Core inflation edged
Senegal’s Eurobonds came under renewed pressure as investors await an IMF staff mission to address USD 7 bln of misreported debt uncovered by the new
Nigeria’s Agriculture Minister Abubakar Kyari highlighted the USD 10 bln annual food import bill as unsustainable, urging a shift toward agricultural exports to achieve food
Ghana’s cedi remains Africa’s best-performing currency in 2025, with a year-to-date gain of 35.5% against the USD, underpinned by fiscal discipline and progress on debt
Egypt’s pound (EGP) is trading near its strongest levels since October 2024, supported by optimism over a nearly finalized USD 4 bln tourism project in
A new poll shows Moldova’s ruling pro-EU PAS party is projected to win only 41 of 101 parliamentary seats in the 28 September election, leaving
Azerbaijan’s government has cut its 2025 GDP growth forecast from 3.7% to 3%, while also revising expected non-oil growth down to 4.6% and inflation up
Bank Indonesia cut its policy rate by 25 bps to 5.0% at its August 2025 meeting, surprising markets and marking the fifth cut since September
India and the Eurasian Economic Union (EAEU) signed terms of reference to begin Free Trade Agreement (FTA) negotiations in Moscow. The move follows Trump’s announcement