Dear reader,
Do you remember the last time the dollar was quoted at R$ 4.87?
That was more than two years ago, on January 11, 2024.
And we may be about to see the exchange rate at this level again...
This Sunday (4), the first round of the election takes place, and the preliminary results may already start to move the exchange rate.
That’s what recently happened in Chile, Colombia, and Peru.
A study by Empiricus showed that, over a window of 42 trading sessions, the currencies of those countries saw an appreciation of 6.5%, 9%, and 0.6%, respectively, after the elections—resulting in an average increase of 6.7% against the dollar.
And Brazil may be on the same path...
The reason why the currencies of neighboring countries appreciated was the shift in the political pendulum.$USDC #Binance
Do you remember the last time the dollar was quoted at R$ 4.87?
That was more than two years ago, on January 11, 2024.
And we may be about to see the exchange rate at this level again...
This Sunday (4), the first round of the election takes place, and the preliminary results may already start to move the exchange rate.
That’s what recently happened in Chile, Colombia, and Peru.
A study by Empiricus showed that, over a window of 42 trading sessions, the currencies of those countries saw an appreciation of 6.5%, 9%, and 0.6%, respectively, after the elections—resulting in an average increase of 6.7% against the dollar.
And Brazil may be on the same path...
The reason why the currencies of neighboring countries appreciated was the shift in the political pendulum.$USDC #Binance