The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
Tag - brl
USD/BRL jumped before the announcement of the Central Bank of Brazil. What was the reason?
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
USD/BRL rose to the record high above 4.63 on Thursday, March 5. So far, the Brazilian real has been the worst performing currency this year.
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.
USD/BRL has been rising and is likely to do so in the observable future. What are the reasons for it and the technical levels to look at?
Brexit is done, while the Coronavirus keeps the markets on guard. What can Forex expect this week?
The week was tough for risky assets due to the outbreak of coronavirus. Let’s see which currency pairs showed the best and the worst performance.
USD/BRL has started the week with a substantial move to the downside. The pair formed a lower high last week, thus the price action strongly resembles the “Head and Shoulders” pattern.
This week brings us key indicators of the US economy performance and more developments in the Brexit environment
What is moving the market this Tuesday? Read here
The Brazilian real faced a real challenge during the last couple of days. The USD/BRL pair jumped above the 4 level on Friday and tested the last September highs above 4.11.