Good discussion on Brazilian Real$ , but I wonder. China imports $109 billion from Brasil , but only exports $61 billion to Brazil. So if Brasil has trading revenue ( from China) at $109 billion k that could be Chinese RMBs, Reals , and USD as these trades are private.
As Brazil exports soybeans and later corn, a lot of USD enter Brazil. Seasonally this would bring BRL exchange rate down. I think we will the BRL-USD exchange rate softening in future months
Thank you sir
Good discussion on Brazilian Real$ , but I wonder. China imports $109 billion from Brasil , but only exports $61 billion to Brazil. So if Brasil has trading revenue ( from China) at $109 billion k that could be Chinese RMBs, Reals , and USD as these trades are private.
As Brazil exports soybeans and later corn, a lot of USD enter Brazil. Seasonally this would bring BRL exchange rate down. I think we will the BRL-USD exchange rate softening in future months