USD/BRL will struggle to sustain a move below 5.00 – ING USDBRL Brazil Banks
“Helping the Real has been the positive reception of the new fiscal framework announced at the end of March. Having done its part, the government will now be leaning on the central bank to cut. So far, the central bank is still sounding hawkish given that inflation expectations are heading in the wrong direction.”
“BRL is enjoying a short honeymoon, but renewed pressure on the central bank or poor fiscal developments can easily end the rally.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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