December trade update: short the Brazilian real
Back on November 14 we suggested shorting the Brazilian real against the U.S. dollar and again reiterated our position on November 23 with great success.
Tag Archives: Brazil real
Brazilian iron could be about to become interesting again
If you thought metal prices — and iron ore in particular — were still all about China, you would be right. However, Brazilian monetary policy can make the difference between a profitable miner and one to avoid.
Emerging markets week ahead: Brazil – a good defense is a strong offence
Brazil surprised the markets last week with statements leading analysts to believe further rate cuts may be enacted.
Currency ETFs are giving advance stock market signals
Asset class correlation is rarely an exact science, but traders have found that some indicators are still invaluable triggers for timing entries and exits on countries such as India and Brazil.
A straightjacket is wrapped around Brazil
Brazil’s currency will likely continue to trade in an undesirable range for the future as economists indicate that inflationary pressure has ticked up in Latin America’s biggest economy.
The real is emerging as a win-win for Brazilian steel makers
A combination of policy moves and a slowing economy have weakened the Brazilian real by 4.8% since the beginning of March, making it the worst performing currency tracked by Bloomberg. For exporters, this is a welcome change from the 8.7% appreciation in the first two months of the year, consequently making it the best-performing currency.
Currency war heating up as banks compete to cut rates
Central banks around the world are all jockeying to lower their respective currencies in order to prop up their economies. Just last week, Brazil’s central bank announced a 75 basis-point rate cut to 9.75%, bringing the country’s rates to the lowest level in years and sending the real down over 1% in just five days.
Central bankers take the dovish side on Brazilian rates
Nobody expects inflation to spiral out of control in Brazil over the next few years, but the controversy is exactly how mild price pressures are going to get.
