The Brazilian real strengthened towards 5.12 per USD, rebounding from the one-year low of 5.29 reached on April 16th, as risk-off sentiments subsided following eased Middle Eastern tensions and lackluster US data reduced support for the US dollar. Soft manufacturing and services PMI readings heightened expectations of rate cuts, with investors awaiting US GDP and PCE data later this week for further insight. On the other hand, in Brazil, the latest interest and inflation rate projections were revised upwards, according to the focus bulletin report, bolstering the Brazilian currency.
The USDBRL increased 0.0130 or 0.25% to 5.1602 on Thursday April 25 from 5.1472 in the previous trading session. Historically, the Brazilian Real reached an all time high of 5.99 in May of 2020. Brazilian Real - data, forecasts, historical chart - was last updated on April 26 of 2024.
The USDBRL increased 0.0130 or 0.25% to 5.1602 on Thursday April 25 from 5.1472 in the previous trading session. The Brazilian Real is expected to trade at 5.10 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5.37 in 12 months time.