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USD/BRL hovers near 10-DMA support by 2.85

Source: Thomson Reuters


  • USD/BRL lower with broad risk market, hovers near 10-DMA support by 2.85

  • Truckers strike ends, unemployment rising, PBR downgrade not seen affecting Brazil rating, UST yields fall

  • USD/BRL hovers near 10-DMA, 2.82 minor Fib support, 2.7985 21-DMA

  • Resistance at 2.8760 down TrendLine off 2.9037, 2.9037 '15 high, 2.9451 upper 21-d Bolli

  • Rising prices, weak BRL increasing import costs taking toll on employment/growth

  • Market Data
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