RIO DE JANEIRO, BRAZIL - (Reuters) Brazil’s real will likely stay on pause in coming weeks around the mid-point of its recent wide trading range, as strategists focus on advances in vaccination efforts by President Jair Bolsonaro’s government, a Reuters poll showed.
The Brazilian currency was quoted at 5.33 per U.S. dollar on Thursday, January 7th, close to the medium value between its weakest levels of May 2020, when COVID-19 hit local markets with full force, and a short-lived high the following month.
After last year’s volatility, “while there is fundamentally space for . . .
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