Brazil
11 articles
King Farouk's coin auction scattered treasures and changed collecting forever
When Egypt sold off King Farouk's legendary coin collection in 1954, thousands of rare coins hit the market at once. The sale set new standards for value, provenance, and showed the risks of forced liquidation in times of upheaval.
Five US Coins Break Million Dollar Barrier at Heritage ANA Auction
A single 1879 Quintuple Stella led five US coins past the million dollar mark at Heritage's 2026 ANA auctions, as collectors pushed total sales to over $67 million and set new records for American and world rarities
Latin American Currencies Draw Global Capital Despite Economic Risks
High-yielding currencies like the Colombian peso, Brazilian real, and Mexican peso continue to attract international capital through carry trades, even as underlying economic fundamentals remain mixed and policy risks persist
Félix Raises $200 Million to Expand AI-Driven Remittance Services
Félix, a US-based cross-border payment platform, has secured $200 million in new funding to develop AI-powered financial services for the Latino diaspora, with plans to expand into lending, savings, and new Latin American markets
Banco Inter Expands Merchant Payments in Brazil With ACI Worldwide
Banco Inter is upgrading its merchant payment platform in Brazil through a partnership with ACI Worldwide, aiming to broaden payment acceptance-including Pix-and strengthen fraud prevention and analytics for 100,000 businesses
US Dollar Faces Pressure as BCA Research Favors Asian and European Currencies
BCA Research signals a shift away from the US dollar, highlighting weakening real yields and reduced foreign investment as reasons to favor the South Korean won, Japanese yen, Taiwan dollar, Singapore dollar, and euro
Goldman Sachs Raises USD/BRL Forecasts on Brazil Election Risk
Goldman Sachs now expects the US dollar to remain stronger against the Brazilian real in the coming months, citing heightened political uncertainty ahead of Brazil's election and the need for fiscal clarity before any sustained real recovery
Latin American Currencies Recover as Fed Rate Hike Bets Fade
Latin American currencies edged higher against the US dollar as traders scaled back expectations for a Federal Reserve rate increase, with commodity prices helping to cushion regional equity markets from deeper losses
Rare Latin American and Spanish Coins Headline Heritage Auction
Heritage's ANA World & Ancient Coins Auction features the Grundy Collection, showcasing rare Latin American and Spanish coins, alongside ancient Greek and Roman pieces, with collectors anticipating record interest in several historic lots
BRICS Weigh Cross-Border Payment Links and Digital Currency Integration
BRICS countries are considering ways to connect their fast payment systems and central bank digital currencies, aiming to lower cross-border transaction costs and improve efficiency for businesses and consumers
Currency Futures Show Diverging Trends as Stock Index Contracts Rise
Open interest in major currency futures shifted in different directions for the week ending August 4, with the Mexican peso and Australian dollar gaining ground while the British pound and Brazilian real saw notable declines