The USDBRL closed near the 4.7925 ratio yesterday, and this followed Monday’s session which ended around the 4.7225 mark- Forecast Forex
The upwards price action which has been demonstrated the past couple of days mirrors many other major currency pairs teamed against the USD. The lows reached last Friday in the USD/BRL touched depths last seen in May of 2022. Trading conditions in the USD/BRL and other major currencies the past day have been generated via nervous sentiment it appears from financial institutions which are trying to get a firm grasp on the mid-term outlook.
The U.S. yesterday published intriguing economic data which somehow didn’t translate into a weaker USD
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