🇧🇷 BRAZILIAN REAL UNDER PRESSURE! 📉
The Brazilian real weakened on Tuesday, moving toward levels last seen around Lula da Silva’s surprise re-election, according to Bloomberg.
Dovish central-bank minutes added pressure, as traders saw little indication of further rate hikes despite rising inflation concerns.
👀 Can the real recover, or will selling pressure continue?
#Brazil #BRL #Forex #CentralBank #Markets
The Brazilian real weakened on Tuesday, moving toward levels last seen around Lula da Silva’s surprise re-election, according to Bloomberg.
Dovish central-bank minutes added pressure, as traders saw little indication of further rate hikes despite rising inflation concerns.
👀 Can the real recover, or will selling pressure continue?
#Brazil #BRL #Forex #CentralBank #Markets