- Analytics
- News and Tools
- Market News
- USD/BRL: A serious test of the 5 mark is by no means out of the question – Commerzbank
USD/BRL: A serious test of the 5 mark is by no means out of the question – Commerzbank
The outlook for the Brazilian Real has brightened. Economists at Commerzbank believe that the USD/BRL pair could challenge the 5 level.
Brazilian central bank remains BRL supportive
“While BCB kept the key interest rate unchanged at 13.75%, as expected, it left no doubt that it has its eye on inflation expectations, which had picked up in view of the government's planned support measures. The BCB is clearly committed to further tightening measures if inflation does not fall further toward its inflation target as expected.”
“As the real interest rate is expected to remain clearly positive, we see the Real remaining well supported.”
“If the USD weakness continues, a serious test of the 5 mark in USD/BRL is by no means out of the question.”
© 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
