Analysts at Nordea Markets, keep a negative bias on the Brazilian real in the short-term but they expect USD/BRL to head lower in 2019. Key Quotes: “The Brazilian real was hit markedly in April and May and is currently trading at its weakest levels since Q1 2016 against the dollar. The depreciation pressures came on the back of the rising dollar, fear of contagion from the currency crisis in Argentina and domestic politics. We expect these factors to have a negative impact on the currency in the coming months.” “The recent BRL depreciation means that the BCB will likely postpone its next rate hike until the end of 2018. Given also the political uncertainty ahead of the presidential election in October, we keep our short-term negative bias on the BRL.” “In 2019 we expect USD/BRL to gradually decrease as the political uncertainty diminishes somewhat, the BCB begins a new hiking cycle and the USD loses strength.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Canada: Q1 to be the weakest quarter in 2018 – Wells Fargo FX Street 5 years Analysts at Nordea Markets, keep a negative bias on the Brazilian real in the short-term but they expect USD/BRL to head lower in 2019. Key Quotes: "The Brazilian real was hit markedly in April and May and is currently trading at its weakest levels since Q1 2016 against the dollar. The depreciation pressures came on the back of the rising dollar, fear of contagion from the currency crisis in Argentina and domestic politics. We expect these factors to have a negative impact on the currency in the coming months." "The recent BRL depreciation means that the BCB will likely postpone… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
