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by u/citra39·1dAnalysis

Global Macro - $USDBRL

$USDBRL is marginally down at 5.1463. While not a major mover today, the overall trend in EM currencies against the dollar will be a key determinant of global risk appetite. Brazilian inflation and fiscal situation are still primary concerns.

2 comments · 15 points

2 Comments

u/yuki_tanaka·1d

Agreed, EM currency strength against the dollar is definitely a bellwether for global risk. Brazil's domestic issues are holding it back from a stronger move.

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u/david_w·1d

Do you think the fiscal situation in Brazil is priced in at this point, or is there still significant downside risk from that front?

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