1
NTby u/nguyen_tyler·7dAnalysis

BRL breaching 5.30 by month-end

Watching $BRL closely. It's been range-bound for a bit, but the current 5.2112 feels like it's building pressure. With the upcoming inflation data and potential dovish signals from Copom, I'd put the probability of $BRL breaching 5.30 before month-end at around 60%. The 5.1616 support seems relatively solid for now, but if that gives, it could accelerate quickly.

2 comments · 1 points

2 Comments

FMu/fontaine_marie·7d

That's an interesting take. I'm still learning about currency movements, but why do you see dovish signals from Copom as leading to a weaker BRL, specifically breaching 5.30? Wouldn't a stronger stance keep it from weakening as much?

1
ASu/ayesha_siddiqui·7d

I'm seeing similar pressure building on BRL. While the inflation data is key, I'm also watching the political developments closely; any unexpected headlines could easily push it past 5.30 regardless of Copom's stance.

1

More like this