A Supreme Court judge ordered an investigation into potential insider trading in Brazil’s currency markets around the announcement of US tariffs on Brazilian goods.
Justice Alexandre de Moraes issued the order on Monday in response to a request from Brazil’s attorney general based on local media reports of significant foreign exchange transactions shortly before and after the official tariffs announcement on July 9. The attorney general said the currency movements suggested “possible use of privileged information (insider trading) by individuals or legal entities.”
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