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Fading iron ore rally to increase pressure on BRL

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Forex News and Events Brazilian real to come under renewed pressure (by Arnaud Masset) In Brazil, inflation is expected to have risen 10.44%y/y in February, slightly less than January 10.71% increase. It seems that inflation expectations have been successfully re-anchored for a few months now. Nevertheless, it is still above the Central Bank’s target range of 2.5% to 6.5% (the target range will be cut to 3% to 6% starting in 2017) and the BCB’s economic surveys showed no sign of substantial

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