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
Will the USD be supported?
The United States will publish the level of its CPI and core CPI on May 10, at 15:30 MT time.
The consumer price index represents an important part of the overall inflation of the country. According to the forecasts, the headline consumer inflation will advance by 0.4%. At the same time, its core level is expected to increase by 0.2%. As usual, higher figures will boost the USD.
• If the indicators are greater than the forecasts, the USD will rise;
• If the indicators are lower than the forecasts, the USD will fall.
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