Itaú, one of Brazil's largest financial institutions, has revised its year-end foreign exchange forecast for the US Dollar against the Brazilian Real, projecting a weaker Real outlook driven by structural shifts in global finance and trade. The bank raised its 2026 year-end USD/BRL forecast to R$5.30, up from a previous R$5.15, marking a significant adjustment that signals potential headwinds for the local currency. As of today, the USD/BRL pair is trading at 5.091851.