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SÃO PAULO—Conservative Brazilian lawmakers welcomed former President Jair Bolsonaro ’s announcement that he plans to end his self-exile in Florida and return home, saying they hope the right-wing leader can marshal opposition to the leftist government’s plans to raise taxes, toughen gun laws and increase the state’s role in the economy. “He has the confidence of 58 million people, it’s undeniable that he’s influential and a political force,” said a prominent congressman, Deltan Dallagnol, referring to the number of votes cast for Mr. Bolsonaro in his losing reelection effort in October against Luiz Inácio Lula da Silva .
WASHINGTON—President Biden will give the State of the Union address before a newly divided Congress on Tuesday, hoping to build off positive economic signs but facing fresh tensions with China and the lingering war in Ukraine. Following the speech, Mr. Biden will travel on Wednesday to Wisconsin, a 2024 presidential battleground, and tout union jobs during a visit to Madison. On Thursday he is scheduled to visit Florida—the home of two potential 2024 GOP rivals, former President Donald Trump and Gov. Ron DeSantis —to highlight plans to strengthen Social Security and Medicare and reduce healthcare costs, the White House said. On Friday he will discuss his economic agenda with the nation’s governors and meet with Brazilian President Luiz Inácio Lula da Silva .
BRASÍLIA—The Brazilian official in charge of the capital’s security at the time of Sunday’s riots surrendered to police Saturday morning as judicial authorities investigate what they say are a web of suspects intent on overthrowing President Luiz Inácio Lula da Silva . Anderson Torres, who previously was justice minister under the right-wing government of former President Jair Bolsonaro , arrived in Brasília shortly after 7 a.m. from the U.S., where he had been on vacation since last week.
Analysts expect the dollar to decline against 18 out of 38 currencies in the fourth quarter of this year, according to FactSet data. UBS UBS considers selling the dollar against G-10 currencies being a "top investment idea for 2023." According to the investment bank, years of negative interest rates have led to a sizeable un-hedged buildup of dollars worldwide. BCA Research Analysts at BCA Research say from a technical standpoint, the dollar is due for a reversal. Goldman Sachs The Wall Street bank remains bullish on the dollar over the next three months and sees certain G-10 currencies only recovering beyond the six-month horizon.
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