Brazil's central bank raised its key interest rate by a full percentage point on Wednesday for the first time since 2003, and pledged to step on the policy tightening accelerator even harder to ensure inflation is pulled back toward target next year.
The Australian and New Zealand dollars were busy going nowhere on Friday as recent tight ranges showed no sign of ending, leaving kiwi bulls hoping for a rate rise next week and the promise of more to break it loose.
Brazil's new social welfare program planned by President Jair Bolsonaro's government will not exceed the country's constitutionally-mandated spending ceiling, Citizenship Minister Joao Roma said on Monday.
The French economy ran at between 1.0-1.5% below pre-COVID-19 levels in July, according to a Bank of France survey on Monday, as the euro zone's second biggest economy emerged from a lockdown but faced new protocols to tackle the virus.
Global stocks held close to record highs while U.S. Treasury yields and the dollar firmed on Thursday as the debate continued over when the Federal Reserve will start to ease stimulus.
European stocks hit new highs on Friday and were on course for a record-breaking run, capping another strong week as investors seize on a dip in U.S. inflation and more forecast-beating corporate earnings.
Euro zone government bond yields drifted sideways on Friday, with German borrowing costs holding above recent six-month lows in a sign that the rush to fixed income has abated for now.