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TRby u/tran62·14hDiscussion

BRL and the latest CPI print chatter

Watching $BRLUSD today, seeing it slip a bit after that CPI chatter from last night. We're at 0.1924 currently, bouncing off the lower end of today's range (0.1924–0.19353). Seems like there's some lingering unease about inflation staying stickier than anticipated, and naturally, that's got folks thinking about the central bank's next move. Not a massive dump, but it's enough to keep an eye on how it settles. For me, it just reinforces the need to keep some dry powder and not jump into any significant $BRL positions until there's clearer guidance on rates. Curious if others are seeing this as a short-term blip or something more foundational for the BRL's near-term trajectory.

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