Exchange Rates in Brazil
Exchange Rates in Brazil
by Robin Brooks
"What did we learn from the weakening in Brazil's Real in the second half of 2021? Nothing! Here we are back at $/BRL 5.20, where we were before the H2 2021 sell-off. Everything is still the same: high commodity prices and risks ahead of October elections. This was just noise..."
What did we learn from the weakening in Brazil's Real in the second half of 2021? Nothing! Here we are back at $/BRL 5.20, where we were before the H2 2021 sell-off. Everything is still the same: high commodity prices and risks ahead of October elections. This was just noise... pic.twitter.com/BGm6whTmoo
— Robin Brooks (@RobinBrooksIIF) February 10, 2022