Brazil investments’ pressure on exchange rate enters Central Bank’s radar

The gradual growth of Brazilians investing in assets abroad has produced a new element of pressure on the exchange rate, which has entered the Central Bank's radar.

RIO DE JANEIRO, BRAZIL - The issue has been mentioned by the monetary authority's officials in their notes about the recent dynamics of the Brazilian real. However, analysts say that, albeit growing in importance, this trend still has little impact on the dollar rate at the moment - especially given Brazil's increasingly deteriorating fiscal expectations.

According to the Central Bank's latest data, Brazilians' investment abroad in the last 12 months through September reached US$26.19 billion. Of these, US$20.33 billion are portfolio investments and US$5.86 billion in cryptoassets, which are accounted for in the . . .

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