Free Trial

USDBRL Closes Below Initial Firm Support

BRAZIL
  • Further strength for the Brazilian real on Monday has prompted USDBRL to close below initial support at 5.2038, the Mar 23 low. Key support to watch lies at 5.1012, the Mar 8 low. A break of this level would instead signal scope for a return to 4.9410, the Feb 2 low.
  • On Thursday, the central bank will publish the quarterly inflation report before industrial production data is also due.

To read the full story

Close

Why MNI

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.