INSUBCONTINENT EXCLUSIVE:
Brazilian currency.On a weekly basis, the greenback lost 0.81% against the real, reflecting improved sentiment toward emerging market
currencies.The dollar weakened against the real yesterday amid rising risk appetite globally, primarily driven by expectations of new
economic stimulus measures in China.The US Dollar Index (DXY), which measures the dollar against a basket of major currencies, fell 0.12% to
($17.35 billion) in January also contributed to improved sentiment toward Brazilian assets
This fiscal outperformance exceeded market expectations of R$ 102.135 billion ($17.02 billion).Trading Volumes and FlowsTrading volumes
Foreign exchange-traded funds tracking the Brazilian real saw modest inflows of approximately $45 million over the past week, according to
technical perspective, the USD/BRL pair has broken below the important support level of R$ 5.80, which now becomes resistance.The currency
the positive performance of commodities, with iron ore and Brent crude oil prices advancing more than 1% on Friday amid expectations of
Chinese stimulus measures
policy meeting next week, with expectations that interest rates will remain unchanged in the 4.25% to 4.50% range
Recent weaker-than-expected US inflation data has supported this view.Additionally, political developments in Washington saw progress on
avoiding a government shutdown, with Senate Minority Leader Chuck Schumer indicating support for a Republican measure to fund the government
BNP Paribas Wealth Management has maintained its 3-month target for USD/BRL at 5.80 but revised its 12-month target to 6.00, suggesting
