On Wednesday, domestic markets experienced their largest selloff of 2017 declining 1.8% for the S&P 500. Political concerns surrounded much of the sentiment behind the event.
Brazilian markets were rattled this week due to allegations that President Michel Temer endorsed payments of hush-money to the former speaker of the lower house. Immediately following the release markets declined more than 10% and the Brazilian Real had its steepest drop in 14 years. The news could result in a second impeachment within a year.
Economic data released for the U.K. helped push a Pound rally to break $1.30 for the first time in nearly three quarters. Unemployment fell to their lowest level since 1975 at 4.7%.
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