💱US Dollar/Brazilian Real FX Spot Rate
USDBRL
▼ NegativeMonetaryrelevance
Rate cut expectations may weaken USD/BRL, supporting BRL
Societe Generale strategists observe that the Brazilian Real largely ignored softer inflation data, which still supports a Banco Central do Brasil rate cut in September followed by a pause into elections.
Rate cut expectations may weaken USD/BRL, supporting BRL