Thursday, October 15, 2026

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USD/BRL tests new 11-year high by 2.9200

Source: Thomson Reuters USD/BRL tests new 11-yr high by 2.9204 Tax/rate hikes could weigh on growth, inflation already on the rise on weak BRL Levy trying to control budget, to cap spending at BRL 75b through April USD/B…

By Jay L. Zagorsky
1 min read
USD/BRL tests new 11-year high by 2.9200
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Source: Thomson Reuters


  • USD/BRL tests new 11-yr high by 2.9204 

  • Tax/rate hikes could weigh on growth, inflation already on the rise on weak BRL 

  • Levy trying to control budget, to cap spending at BRL 75b through April

  • USD/BRL resistance at 2.9420 Sept 2004 high, light gamma above draws USD higher

  • Support at 2.8958 today's low, 2.8327 23.6% Fib of 2.5489-2.9204

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