The Brazilian Counterpoint
Why the Dollar Fell in Brazil While Rising in the World
On yet another day of geopolitical tension (VIX at 21.20), the dollar rose globally (DXY +0.19%)... but fell in Brazil (-0.25%).
The reasons:
💰 Positive flow: Liquidation of US$ 4.5 billion in Treasury bonds
🏦 Carry trade: With Selic at 15%, Brazil attracts foreign capital
📅 Post-holiday adjustments: Ash Wednesday had a partial session
Meanwhile, Bitcoin ETFs lost US$ 133 million and Ethereum, US$ 41.8 million. Solana was the positive exception: +US$ 2.4 million.
#Dolar #Brasil #CarryTrade #selic #ETFs s
Why the Dollar Fell in Brazil While Rising in the World
On yet another day of geopolitical tension (VIX at 21.20), the dollar rose globally (DXY +0.19%)... but fell in Brazil (-0.25%).
The reasons:
💰 Positive flow: Liquidation of US$ 4.5 billion in Treasury bonds
🏦 Carry trade: With Selic at 15%, Brazil attracts foreign capital
📅 Post-holiday adjustments: Ash Wednesday had a partial session
Meanwhile, Bitcoin ETFs lost US$ 133 million and Ethereum, US$ 41.8 million. Solana was the positive exception: +US$ 2.4 million.
#Dolar #Brasil #CarryTrade #selic #ETFs s