USD/BRL forms a shooting star pattern as Brazilian real rebounds

Invezz

Published

The USD/BRL exchange rate slipped for three consecutive days, erasing some of the recent gains as the Brazilian real imploded. On Monday morning, it dropped to 6.07, following a $17 billion intervention by the country’s central bank. It has slipped by over 3.67% from its highest level this year, forming a shooting star pattern. Why […]

Full Article