The central bank of Brazil cut interest rates by 50bps to a record low level of 5.5% yesterday leading to a major sell-off in the real today. The decision was taken after the market close yesterday and while expected – it still results in a major pressure on the currency. The main rate was 14.5% as recently as in 2016! Weaker BRL means pressure on coffee prices – the commodity is down again on Thursday by around 1.5% and testing the key support of 98.50.
GBPUSD slightly up after stronger than expected UK labour market data
Three Markets To Watch (20.04.2026)
Dollar Plummets After Opening of the Strait of Hormuz 💲📉 The Start of a Sharp Correction❓
Chart of the Day: Is the Yen Approaching a Breaking Point?