Brazil’s Real Weakens As Election Talk And Year-End Dollar Demand Bite

Key Points USD/BRL traded near 5.5088 early Wednesday after Tuesday’s close at 5.4630. The move came as DXY slipped about 0.16% to roughly 98.145, underscoring Brazil-driven stress. Momentum is strong, but USD/BRL is pressing resistance near 5.51–5.52. USD/BRL traded near 5.5088 in the morning, within about 5.4148 to 5.5093 early on. The dollar had already […]