The Brazilian real records losses per second consecutive day on Monday.
He USD/BRL has opened the day testing a daily minimum in 5,70785 and then Get to a maximum of ten days in 5,7357.
The USD/BRL is quoted at the time of writing about 5,7345, winning 0.05% daily.
Brazil will publish inflation and unemployment data this week while hosting the BRICS Summit
- This Tuesday the inflation data of the first half of February will be known in Brazilafter the previous fortnight increased 0.11%.
- On Thursday, Brazil will publish its wholesale inflation index, which is expected to grow 1.04% in February compared to 0.27% in January. The other important data of the day will be the January unemployment rate, which is expected to increase at 6.6% From 6.2% of December.
- Mauro Vieira, Minister of Foreign Affairs of Brazil, will open tomorrow the BRICS STATE HEADS SUMMETwhere the use of local currencies will be promoted against the dollar.
- The USD/BRL operators will be very aware this week of the tracks or comments that US President Donald Trump can give about the tariffs that USA wants to impose from March.
Economic indicator
Unemployment
The unemployment rate that publishes Brazilian Institute of Geography and Statistics It is the number of unemployed workers divided among the active population. A fall in this indicator has positive implications on consumer spending, which stimulates economic growth. A rise in the rate would indicate a weakening of economic activity. A result lower than expectations is up to the BRL, while a superior result is bassist.
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Why is it important for operators?
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
