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USD/BRL: Carry trade demand should dominate and drive the pair down to the 4.80 area – ING

Started by forex4you, Sep 20, 2023, 05:27 pm

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Sep 20, 2023, 05:27 pm
USD/BRL: Carry trade demand should dominate and drive the pair down to the 4.80 area - ING

After the FOMC decision later today, Brazil's central bank (Banco Central do Brasil) is widely expected to deliver another 50 bps rate cut. Economists

Source: USD/BRL: Carry trade demand should dominate and drive the pair down to the 4.80 area - ING
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