Brazil Future Rates Dip on STF Ruling, Weak Retail Sales

Brazilian future interest rates opened lower as investors digest a Supreme Court ruling on messages involving a banker and Minister Alexandre de Moraes, which may affect the political landscape, and a sharper-than-expected 0.8% drop in July retail sales, signaling economic slowdown. The market is pricing in potential policy implications, with the STF decision and weak data reinforcing expectations of easing.