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BRL to lose ground as commodity rally fades, Norges Bank cut rates

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Brazilian assets on rollercoaster ride (by Arnaud Masset) Over the past two weeks the Brazilian real has been caught in crossfire between mounting political instability and a rally in commodity prices. As if volatility wasn’t high enough, last Wednesday the Federal Open Market Committee surprised the market, which was pricing in a more hawkish signal and lowered its projections for 2017 for the federal funds rate to 0.875%, compared to 1.375% at its December meeting, on

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