FILE PHOTO: Brazil's Finance Minister Fernando Haddad speaks during a press conference during the the G20 finance leaders meeting in Rio de Janeiro, Brazil, on July 26, 2024. REUTERS/Tita Barros/File Photo
BRASILIA (Reuters) - Brazil's Finance Minister said on Wednesday the government has concluded talks on new measures to strengthen the fiscal framework, seen as crucial to improve the valuation of the country's risk assets, which have been hit by fiscal concerns and volatility linked to the U.S. election.
Following Republican Donald Trump's White House victory, the Brazilian real opened down more than 1.7% against the U.S. dollar, while long-term interest rates jumped.
