Friday, October 16, 2026

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USD/BRL breaks trend support at 3.1297, oil pop boosts BRL

USD/BRL BM&F 1M NDF has traded 3.1026/3.1410 in S.P. USD weakness the primary driver here, all eyes on the DXY Trend support at 3.1297 broken, close below bearish Higher than forecast IPCA will keep BCB on a tightening p…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/BRL BM&F 1M NDF has traded 3.1026/3.1410 in S.P.

  • USD weakness the primary driver here, all eyes on the DXY

  • Trend support at 3.1297 broken, close below bearish

  • Higher than forecast IPCA will keep BCB on a tightening path

  • Oil price pop giving the Real a boost on the day

  • RM yield seekers happy as clams 

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By FxWirePro Team