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🧵 Thread 2: The Brazilian Scenario
Title: 🧵 Why the Dollar Fell in Brazil Amid Global Chaos
1/5 🧵 While the dollar rises worldwide (DXY at 97.88, +0.19%), in Brazil it fell 0.25%, closing at R$ 5,2271. Why?
2/5 🧵 REASON 1 – Positive flow: The Treasury auctioned US$ 4.5 billion in 10 and 30-year bonds last week. The settlement of these securities entered the country today, generating a supply of dollars.
3/5 🧵 REASON 2 – Carry trade: With Selic at 15%, Brazil remains attractive to foreign investors. They finance themselves in low-interest currencies and invest here, profiting from the difference.
4/5 🧵 REASON 3 – Adjustments post-holiday: Ash Wednesday had a partial session. The market is adjusting after Carnival.
5/5 🧵 GLOBAL CONTEXT: Despite the relief in the exchange rate, the external scenario remains tense: VIX at 21.20, US-Iran tension, Fed hawkish. The real may have found a breather, but global volatility still sets the pace.
#ThreadsVibes #Dolar #Brasil #carrytrade #selic
Title: 🧵 Why the Dollar Fell in Brazil Amid Global Chaos
1/5 🧵 While the dollar rises worldwide (DXY at 97.88, +0.19%), in Brazil it fell 0.25%, closing at R$ 5,2271. Why?
2/5 🧵 REASON 1 – Positive flow: The Treasury auctioned US$ 4.5 billion in 10 and 30-year bonds last week. The settlement of these securities entered the country today, generating a supply of dollars.
3/5 🧵 REASON 2 – Carry trade: With Selic at 15%, Brazil remains attractive to foreign investors. They finance themselves in low-interest currencies and invest here, profiting from the difference.
4/5 🧵 REASON 3 – Adjustments post-holiday: Ash Wednesday had a partial session. The market is adjusting after Carnival.
5/5 🧵 GLOBAL CONTEXT: Despite the relief in the exchange rate, the external scenario remains tense: VIX at 21.20, US-Iran tension, Fed hawkish. The real may have found a breather, but global volatility still sets the pace.
#ThreadsVibes #Dolar #Brasil #carrytrade #selic
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