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BRLUSD holding up after latest Brazil inflation figures
Interesting to see $BRLUSD hovering around the 0.19353 mark after the latest inflation print out of Brazil came in hotter than expected. It's a bit of a surprise given the hawkish tone we've been hearing, and I'm watching to see if this provides any further impetus for the central bank to maintain its current stance or if the market has already priced it in. Definitely keeping an eye on how this plays out for potential shifts in carry trade dynamics.
1 comments · 1 points
I'm not sure how much more "hawkish" they can get; the rate is already at 13.75%. This feels like a classic case of a reaction being priced in well before the actual news hits. I'd be looking at other drivers.