Friday, October 16, 2026

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USD/BRL could see gains as risk exited broadly

Source: Thomson Reuters Broad EM currency space weak, USD/BRL trades at 3.1725 just above Jun '04 high at 3.17 BRL weighed by PBR scandal, US rate liftoff, Grexit fears Levy sees austerity as a panacea for Brazil's econ …

By Jay L. Zagorsky
1 min read
USD/BRL could see gains as risk exited broadly
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Source: Thomson Reuters
  • Broad EM currency space weak, USD/BRL trades at 3.1725 just above Jun '04 high at 3.17

  • BRL weighed by PBR scandal, US rate liftoff, Grexit fears 

  • Levy sees austerity as a panacea for Brazil's econ woes 

  • USD/BRL resistance at 3.17 Jun '04  high, 3.233 May '04 high, 3.363 Apr '03 high

  • Support lies at 3.1501 hourly pivot resistance (former support), 3.1166 today's low,  3.0051 daily Tenkan

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