Brazil's currency fell to its weakest level ever as investors cast a wary eye on negotiations over spending bills that could further complicate the country's tenuous fiscal position. The currency, like others across Latin America, was also hammered by a global rise in the dollar sparked by increased expectations that the US Federal Reserve is still on track to raise interest rates this year.
Estela de Carlotto, the president of Argentina's Grandmothers of Plaza de Mayo human rights organization, considered Daniel Scioli a “faithful and different man” whose triumph in the October presidential elections could pave the way for a “constructive transition” toward the “return of Cristina” Fernández to power in four years time.