The Brazilian real is on track for its worst month of the year as a rebound in the dollar and changes in interest-rate expectations drive investors to unwind a heavily favored carry trade. The shift in relative yield expectations and stronger USD pressure BRL sentiment, likely weighing on FX carry positioning going forward.
The Brazilian real is on track for its worst month of the year as a rebound in the dollar and changes in interest-rate expectations drive investors to unwind a heavily favored carry trade. The shift in relative yield expectations and stronger USD pressure BRL sentiment, likely weighing on FX carry positioning going forward.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.35
