"In the past, Brazil's reach has always exceeded its grasp," says one former U.S. official. "It always saw itself as a leader, but has been frustrated that the world saw it another way. The Brazilian economy is developing to the point where it does have the global heft that people have to take it seriously."
Brazilian policymakers are trying to find the sweet spot for their monetary policy. For now, interest rate hikes are more likely than not. But their impact for currency traders is less certain.
Of the 4 BRIC economies, where does trader Brian Stutland suggest putting money to work?
Good news drove Brazilian stocks higher for the second session in a row and drove bullish option activity yesterday (Thursday).
In a report from Brazil, Fast Money trader Tim Seymour looks at the impact of the Japan crisis on emerging markets.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.