Brazilian Real Monthly Outlook: April 2022

Here are the key takeaways:

1 |Emerging FX markets are trading in a resilient tone. The Real has posted one of the biggest gains (+15.4%) among emerging and developed market currencies in the last 3 months.

2 | This recent rally is still the confluence of rising commodity prices, high-interest rates, the strong flow of foreign capital into the Brazilian stock market; Lula gaining acceptance by market players.

3 | At least for now, the risk of Putin’s use of any weapon of mass destruction may decrease. This implies that the risk-on sentiment should keep running in April.

4 | Will major global central banks shift up a gear and accelerate their planned pace of policy tightening?

Take a look at our Monthly Report, with key takeaways for April 2022. Stay ahead of your peers by clicking on the button below to download it today!

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BRL December 2021 Report