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The USD vs BRL, a sad case of a lost peg.

Long
FX_IDC:USDBRL   U.S. Dollar / Brazilian Real
The BRL is simply, not showing signs of recovery agains USD.
American Dollar is just too strong overall, and against the Brazilian currency it appears to be taking it up to the next level.
The Brazilian stock market is a bit stretched, and the whole current situation does not seem convincing enough so the external capital becomes a sure destination.

Comments

👀 a buy .50 or 1.0 when market opens .🔼💱. wassup u n or not...
+1 Reply
o que vc mi disse quando o banco central entra derrubando o dólar da medo de compra
Reply
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