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201 results for “Currencies

Brazil’s Foreign Exchange Flow Swings to $1.07 Billion Deficit, Pressuring Brazilian Real (BRL)
PROCurrenciesJul 30

Brazil’s Foreign Exchange Flow Swings to $1.07 Billion Deficit, Pressuring Brazilian Real (BRL)

Brazil recorded a net negative foreign exchange flow of US$1.065 billion in July, reversing a recent surplus and signaling fresh capital flight.

Brazilian Real Reverses Loss, Firms to R$5.10 After Federal Reserve Holds Rates
CurrenciesJul 30

Brazilian Real Reverses Loss, Firms to R$5.10 After Federal Reserve Holds Rates

The Brazilian Real appreciated 0.4% against the US Dollar after the Fed held rates, reinforcing the appeal of the high-yielding currency for the carry trade.

High US Long-Term Rates Crimp Brazilian Real Strength Despite Post-Fed Rally
CurrenciesJul 30

High US Long-Term Rates Crimp Brazilian Real Strength Despite Post-Fed Rally

Elevated US 10-year Treasury yields at 4.70% are placing fundamental pressure on the BRL, threatening to unwind recent gains against the US Dollar.

Brazilian Real Strengthens Past R$5.11 on Fed Rate Hold, Signaling Near-Term Ceiling for USD/BRL
CurrenciesJul 30

Brazilian Real Strengthens Past R$5.11 on Fed Rate Hold, Signaling Near-Term Ceiling for USD/BRL

The BRL appreciated after the US Federal Reserve held rates, weakening the US Dollar and increasing the appeal of Brazil's high-carry currency.

Brazilian Real Supported by Carry Trade Despite Cautious Easing of Selic Rate
PROCurrenciesJul 29

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.

USD/BRL Stability at Risk as Market Braces for Hawkish Fed Guidance
PROCurrenciesJul 29

USD/BRL Stability at Risk as Market Braces for Hawkish Fed Guidance

The Brazilian Real faces pressure as investors await the Federal Reserve's rate decision, where a hawkish hold could narrow the Real's carry trade advantage.

Brazilian Real Consolidates Near R$5.12 as Traders Await Volatile US Fed Decision
CurrenciesJul 29

Brazilian Real Consolidates Near R$5.12 as Traders Await Volatile US Fed Decision

The Brazilian Real (BRL) held near R$5.12 against the Dollar as markets awaited the US Federal Reserve's policy decision and Chairman Powell's press conference.

Investor Consensus Locks In Stable R$5.20 for 2026-End USD/BRL; XP Sees Stronger R$5.00
PROCurrenciesJul 29

Investor Consensus Locks In Stable R$5.20 for 2026-End USD/BRL; XP Sees Stronger R$5.00

Median market projection for the USD/BRL exchange rate has held steady at R$5.20 for six weeks, providing long-term predictability.

BRL Volatility Spikes: USD/BRL Reaches R$5.13 on Global Risk Aversion and Tariff Pressure
PROCurrenciesJul 29

BRL Volatility Spikes: USD/BRL Reaches R$5.13 on Global Risk Aversion and Tariff Pressure

The Brazilian Real weakened over the past week, driven by global risk-off sentiment and new US tariffs, prompting a re-evaluation of unhedged exposure.

Itaú Lifts Year-End USD/BRL Forecast to R$5.30 on Stronger Global USD and Terms of Trade Pressure
CurrenciesJul 28

Itaú Lifts Year-End USD/BRL Forecast to R$5.30 on Stronger Global USD and Terms of Trade Pressure

Itaú, one of Brazil's largest banks, raised its 2026 year-end USD/BRL forecast, citing higher US rates and deteriorating terms of trade.

Hawkish Fed Speculation Trumps Soft IPCA-15, Pushing USD/BRL Higher
CurrenciesJul 28

Hawkish Fed Speculation Trumps Soft IPCA-15, Pushing USD/BRL Higher

Real fails to gain ground after mid-July inflation undershoots expectations, as market focus shifts to hawkish Fed outlook.

Political Fiscal Risk Hardens BRL Support Above R$5.10
CurrenciesJul 28

Political Fiscal Risk Hardens BRL Support Above R$5.10

Domestic political polarization and a rising nominal deficit establish a firm floor for the USD/BRL despite high Selic interest rates.

USD BRL Eases as Brazil Mid-July Inflation Cools to 0.06%
CurrenciesJul 28

USD BRL Eases as Brazil Mid-July Inflation Cools to 0.06%

Brazil's IPCA-15 mid-July inflation slowed to 0.06%, dragging the annual rate to 4.52% as markets await the next Copom decision on the Selic rate.

Brazilian Real Carry Trade Resilient on High Real Rates, Deficit
CurrenciesJul 28

Brazilian Real Carry Trade Resilient on High Real Rates, Deficit

Brazil's narrowing current account deficit and high inflation-adjusted real interest rates keep the Brazilian real highly attractive for carry trades.

Geopolitical De-escalation Strengthens BRL Towards R$5.07
CurrenciesJul 28

Geopolitical De-escalation Strengthens BRL Towards R$5.07

A diplomatic truce between the U.S. and Iran has reduced global risk, driving the Brazilian real stronger and boosting Ibovespa futures in early trading.

US Tariffs and Middle East Risks Cap BRL Carry-Trade Gains
CurrenciesJul 28

US Tariffs and Middle East Risks Cap BRL Carry-Trade Gains

Brazil's 14.25% Selic rate fuels carry trades, but new 25% US tariffs and Middle East tensions cap the Brazilian real's appreciation potential.

USD BRL Hits Two-Week High Ahead of Fed and Inflation Data
CurrenciesJul 28

USD BRL Hits Two-Week High Ahead of Fed and Inflation Data

The Brazilian real fell to a two-week low against the US dollar as commodity shocks and hawkish Fed expectations pressure emerging market assets.

Brazilian Real Faces Twin Risk Despite IPCA-15 Relief Ahead of FOMC
CurrenciesJul 28

Brazilian Real Faces Twin Risk Despite IPCA-15 Relief Ahead of FOMC

Subdued IPCA-15 inflation eases domestic pressure on the Brazilian Real, but traders brace for the FOMC decision and US tariff impacts on the USD BRL.

BRL Carry Trade Faces Headwinds as Dollar Nears R$5.28 Forecast
PROCurrenciesJul 28

BRL Carry Trade Faces Headwinds as Dollar Nears R$5.28 Forecast

The Brazilian real faces a potential 3.36% depreciation toward R$5.28, threatening the lucrative BRL carry trade despite high local Selic interest rates.

Brazilian Real Pressured as US-Iran De-escalation Tanks Oil Prices
CurrenciesJul 28

Brazilian Real Pressured as US-Iran De-escalation Tanks Oil Prices

The BRL weakened against the USD after hopes for a Middle East truce sent Brent crude prices down, hitting Brazil's commodity-linked assets.

Brazil Central Bank to Start FX Swap Rollover on August 5
CurrenciesJul 28

Brazil Central Bank to Start FX Swap Rollover on August 5

The Banco Central do Brasil will begin rolling over currency swap contracts maturing on September 1, 2026, to curb volatility in the USD/BRL market.

USD BRL Rises as New 25% US Tariffs Threaten Brazil Trade Surplus
CurrenciesJul 28

USD BRL Rises as New 25% US Tariffs Threaten Brazil Trade Surplus

The USD/BRL exchange rate hovered near 5.13 after the US implemented a 25% tariff on Brazilian imports, threatening the country's export surplus.

Brazilian Real Pauses at R$5.11, Hawkish Fed and New US Tariffs Outweigh Domestic Stability
PROCurrenciesJul 28

Brazilian Real Pauses at R$5.11, Hawkish Fed and New US Tariffs Outweigh Domestic Stability

The BRL slipped past R$5.11 recently, driven by US monetary policy and new tariffs, despite domestic political calm.

Brazil Central Bank Announces Rollover of September FX Swaps to Maintain Real Liquidity
PROCurrenciesJul 28

Brazil Central Bank Announces Rollover of September FX Swaps to Maintain Real Liquidity

The Brazil Central Bank is rolling over its traditional FX swaps, signaling its intent to manage market liquidity ahead of the September expiry.

Narrowing Selic-Fed Spread Limits BRL Carry Trade Appeal
CurrenciesJul 28

Narrowing Selic-Fed Spread Limits BRL Carry Trade Appeal

As Brazil's Copom cuts the Selic rate to 14.25% and the Fed remains restrictive, Rabobank targets a weaker USD/BRL of 5.35 by end-2026.

USD BRL: Brazil Central Bank to Roll Over September Swaps
CurrenciesJul 28

USD BRL: Brazil Central Bank to Roll Over September Swaps

Banco Central do Brasil announced it will begin rolling over traditional currency swap contracts maturing September 1, 2026, starting August 5, 2026.

Brazil Policy Risk: Finance Minister Warns of Import Tax Return
CurrenciesJul 28

Brazil Policy Risk: Finance Minister Warns of Import Tax Return

Finance Minister Dario Durigan warns the 'blusinhas' tax on sub-$50 e-commerce could return if surging imports hurt domestic retail and the Brazilian real.

Brazilian Real Slides Past R$ 5.11 as Global Risks Rise
CurrenciesJul 28

Brazilian Real Slides Past R$ 5.11 as Global Risks Rise

The Brazilian real fell to R$ 5.11 against the US dollar amid a lack of support from global oil prices and cautious international market sentiment.

Brazilian Real Pauses Rally at R$5.13 Resistance as Oil Prices Plunge on US-Iran Truce
CurrenciesJul 28

Brazilian Real Pauses Rally at R$5.13 Resistance as Oil Prices Plunge on US-Iran Truce

The Brazilian Real's strengthening was tested as the USD/BRL exchange rate held near R$5.13, driven by a sharp drop in crude oil prices.

Brazilian Real Holds Near 5.11 Despite US Tariff Headwinds
CurrenciesJul 28

Brazilian Real Holds Near 5.11 Despite US Tariff Headwinds

The Brazilian Real hovers near 5.11 as Middle East geopolitical relief offsets new 25% US tariffs ahead of the upcoming hawkish FOMC hold.