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USD/BRL firm with broad EM space

Source: Thomson Reuters


  • USD/BRL firm with broad EM space despite Q4 GDP beat, eyes 10-DMA resistance

  • USD/BRL support at 3.1755 lower 21-h Bolli, 3.1206 21-DMA, 3.0751 Mar 12 low

  • Resistance seen at 3.2065 10-DMA, 3.2295 Mar 23 high, 3.3162 Mar 21 (13-yr) high

  • US rate liftoff in focus, Brazil inflation to persist, some see +50bp in Apr

  • Market Data
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