Free Trial

BRL Leads Latam FX Gaining 1.5%, Sends USDBRL Through Support

  • BRL: Strong move for the Real, currently 1.5% stronger on the session and USDBRL recently breaking through touted moving average supports and now seen back below 5.50.
  • The break below suggests scope for a deeper short-term pullback, initially opening 5.3885, the Nov 11 low.
  • Clear outperformer in the region, however, COP (+0.8%) and CLP (+0.65%) benefitting from the strength in commodity indices as well as the slightly softer dollar.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.