PRO articleCurrencies

Brazilian Real Supported by Carry Trade Despite Cautious Easing of Selic Rate

The Brazilian Real holds at R$5.11 against the US Dollar, sustained by the high 14.25% Selic rate that supports a strong carry trade.

By Sofia Marin

Published
Brazilian Real Supported by Carry Trade Despite Cautious Easing of Selic Rate
Illustration — BRZ.news

The Brazilian Real holds at R$5.11 against the US Dollar, sustained by the high 14.25% Selic rate that supports a strong carry trade.

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