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The performance of the Brazilian Real (BRL) has been lackluster this year, according to analysts at Commerzbank.
At the turning point?
The recent pivotal decision by the Brazilian Central Bank (BCB) elevates the possibility of the Real adopting a more moderate performance trajectory this year.
Particularly concerning are potential political disruptions, exemplified by recent announcements like the state-owned Petrobas’ lower-than-anticipated dividend payout. It’s a factor worth considering for those navigating risks associated with the Brazilian Real.
