FX_IDC:USDBRL   U.S. Dollar / Brazilian Real
58 0 1
DJ Brazilian Real Looks Overvalued -- Market Talk - WSJ
7:54 ET - Considering Brazil's economic and political problems, the recent appreciation of the Brazilian real versus US dollar             makes the Brazilian currency overvalued. "Our BRL             model, which compares the current pricing with the average of emerging market currencies controlling to the country's risk of default and currency volatility , suggests that BRL             is currently overpriced by BRL0.20 (fair value of BRL3.95/USD), one of the highest differences this year so far," says Luciano Rostagno, Latin America strategist at São Paulo-based Mizuho Bank of Brazil. The real was recently trading at 3.77 per dollar.
Trade closed: target reached

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