THE DOLLAR’S APPRECIATION is still on the radar:
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1. Historical analysis shows that the dollar tends to appreciate 3, 6, and 12 months after elections in Brazil (the pattern seen in 2014, 2018, and 2022). 2. The median forecast is still for the dollar to reach R$ 5.30 by the end of 2026, so this level below R$ 5.00 is seen as a buying opportunity. 3. Goldman Sachs forecasts a rate as low as R$ 4.35 IF fiscal consolidation takes hold, but that depends on the runoff on 10/25. #CRİPTO $BTC
👇👇👇👇👇👇👇👇👀👀👀
1. Historical analysis shows that the dollar tends to appreciate 3, 6, and 12 months after elections in Brazil (the pattern seen in 2014, 2018, and 2022). 2. The median forecast is still for the dollar to reach R$ 5.30 by the end of 2026, so this level below R$ 5.00 is seen as a buying opportunity. 3. Goldman Sachs forecasts a rate as low as R$ 4.35 IF fiscal consolidation takes hold, but that depends on the runoff on 10/25. #CRİPTO $BTC