USD/BRL: the Brazilian currency just lost 7% of value to the USD
Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
The USD is awaiting the flash manufacturing PMI
The United States will publish its flash manufacturing PMI at 16:45 MT time on February 21.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
This indicator reflects the economic situation of a country. While it’s just a survey of purchasing managers in the manufacturing industry, their answers tend to show the overall views on the current business conditions within a country. If the indicator is above 50, it demonstrates the expansion of an industry, while an indicator below 50 signals a contraction. Last time an indicator came out at a lower-than-expected level. As a result, the USD fell. What awaits the currency this time?
• If the actual level of indicator is higher than the forecasts, the USD will go up;
• If the actual level of indicator is lower than the forecasts, the USD will go down.
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