The central bank of Brazil cut interest rates by 50bps to a record low level of 5.5% yesterday leading to a major sell-off in the real today. The decision was taken after the market close yesterday and while expected – it still results in a major pressure on the currency. The main rate was 14.5% as recently as in 2016! Weaker BRL means pressure on coffee prices – the commodity is down again on Thursday by around 1.5% and testing the key support of 98.50.
Daily summary: Weak US data drags markets down, precious metals under pressure again!
BREAKING: US RETAIL SALES BELOW EXPECTATIONS
Takaichi’s party wins elections in Japan – a return of debt concerns? 💰✂️
Three markets to watch next week (09.02.2026)