empty
 
 

06.11.202614:19:27UTC+00BRL Under Pressure on Narrowing US-Brazil Rate Differential Bets

The Brazilian real weakened to around 5.53 per USD in November, as stronger-than-expected US labor market data bolstered the dollar against a basket of currencies. Nonfarm payrolls rose by 165,000 last month, beating all forecasts, while the unemployment rate edged lower. These robust figures reinforced expectations that the Federal Reserve will keep monetary policy in restrictive territory. A narrowing interest-rate differential between Brazil and the US tends to weigh on the real by reducing the appeal of carry trades.

At the same time, the Brazilian Central Bank (BCB) kept the Selic rate unchanged at 13.75%, interrupting its easing cycle. The decision underscored a challenging macroeconomic backdrop characterized by slower growth, higher inflation, and heightened fiscal uncertainty following President Lula’s reelection. Labor market indicators in Brazil also signaled cooling activity: the economy generated 121,305 formal jobs in September, well below market expectations of 171,000.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback