empty
 
 

01.04.202616:12:29UTC+00Brazilian Real Rebounds Toward May 2024 Highs

The Brazilian real rebounded toward 5.15 per US dollar, approaching its strongest levels since May 2024, last seen in February, as growing optimism over a possible ceasefire in the Middle East triggered a global pullback in the greenback. After coming under pressure in March amid intense risk aversion, the real started the second quarter on firmer ground, supported by signs that the conflict with Iran may be nearing an end.

Comments from President Donald Trump that the US military campaign could conclude within weeks weighed on the dollar index and softened safe-haven demand. These international dynamics overshadowed domestic concerns that emerged after mid-month IPCA-15 data showed a 0.44% increase in March, beating forecasts and reinforcing expectations that the central bank will maintain a restrictive policy stance.

Although the 12-month inflation rate eased to 3.90%, it remains above the 3.0% target, providing a hawkish backdrop that continues to lend support to the local currency.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback