- Analytics
- News and Tools
- Market News
- USD/BRL: Levels of 4.60 not justified – Commerzbank
USD/BRL: Levels of 4.60 not justified – Commerzbank
The Brazilian real has weakened significantly against USD over the past few days. Economists at Commerzbank expect BRL to remain under depreciation pressure.
Hawkish surprises tomorrow might support BRL short-term
“We have been of the view for some time that the BRL rally seen since the start of the year seemed exaggerated in view of the many risks. Due to global inflation and growth concerns as well as high uncertainty resulting from the war in Ukraine, but also due to domestic risks in particular in connections with the Presidential elections in October, we are sceptical as far as the BRL’s development is concerned.”
“Hawkish surprises tomorrow might support BRL short-term, but we do not consider levels of 4.60 in USD/BRL, as seen a few weeks ago, to be justified.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
