$USDBRL Update....testing the big breakout level (---)
Would target 5.40 (+26%) and would likely be driven by China slowdown-Coronavirus
Approximately 27% of Brazilian exports go to China
Currently 90m people in lock down and Bloomberg estimates 69% of Chinese GDP shut this week
Does it re-open next week or further lock downs?
Approximately 27% of Brazilian exports go to China
Currently 90m people in lock down and Bloomberg estimates 69% of Chinese GDP shut this week
Does it re-open next week or further lock downs?
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