USD/BRL set to trade in a 4.70-5.00 range in the month ahead – SocGen USDBRL Brazil InterestRate Banks
Economists at Société Généralestay positive on the BRL and see the local swap curve bull-steepening.We maintain our call to go long the BRL on any weakness. The easing risk premium, still-high carry and low volatility, coupled with small external imbalances and efforts to reduce fiscal risks, should support the currency. The undemanding valuations, light positioning, and high terms of trade should also help.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/BRL: Failure to overcome 4.95/5.01 could lead to continuation in the downtrend – SocGenEconomists at Société Générale analyze USD/BRL technical outlook. Below 4.69; next potential support is at 4.61/4.59 USD/BRL broke through the lower l
Read more »
USD/BRL: Real will continue to be a recipient of carry trade flow – INGIn Brazil, the central bank should start cutting rates today. Economists at ING analyze BRL outlook. Brazil set to start its easing cycle The only que
Read more »
USD/BRL: Real to trade at strong levels against the Dollar for the time being – CommerzbankBrazil's central bank (Banco Central do Brasil, BCB) is ahead of rate cuts. Economists at Commerzbank analyze BRL outlook. A less hawkish monetary pol
Read more »
USD/BRL: Reversal Higher after Challenging Long-Term LowsThe USDBRL closed near the 4.7925 ratio yesterday, and this followed Monday’s session which ended around the 4.7225 mark- Forecast Forex
Read more »
USD/BRL: Monetary policy will be less supportive of the Real – CommerzbankThe Brazilian central bank (Banco Central do Brasil, BCB) decided to cut 50 bps off its benchmark rate to 13.25%. Economists at Commerzbank analyze Re
Read more »
EUR/USD: August seasonality negative in four of last five years – SocGenEconomists at Société Générale analyze EUR/USD outlook. 200-WMA at 1.1184 should cap upside in the near term August seasonality was negative in four o
Read more »