USD/BRL to end the year at 5.25 – Rabobank – by MSalordFX USDBRL Currencies Banks
for the conflicts in Ukraine remains negative. Domestically, the misery index improves but Lula still leads most polls. Although the DXY dollar index depreciated 0.6% in the week, USDBRL appreciated 6.3% due to the risk-on sentiment. The Ibovespa rose 4.3%, while the local inverted yield curve bull flattened.”
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