Brazilian Real: Election risks then renewed gains – Commerzbank
Brazilian Real: Flows support carry resilience – BNY
Brazilian Real: Below 50dma opens move to 5.00 – Societe Generale
The Brazilian real has embarked on a strong bull run that has pushed it to the highest level since March 2024. The USD/BRL pair has plunged by over 21% from its highest point in December of 2024.