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USD/BRL: Rallies are unlikely to last, nosedive to 4.82 is on the cards – Credit Suisse

FXStreet.com
 2021-06-09

Cover picture for the articleEconomists at Credit Suisse turn constructive on the Brazilian real, and see potential for the recent USD/BRL move to extend to 4.82 in coming weeks – with energy and agricultural commodity prices in the driver’s seat. Political and COVID-19 risks will persist, and might drive USD/BRL spikes back to 5.15-5.20, which they would look to fade.

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