Dollar Slides To A Fresh Multi-Year Low As Brazil’s Real Catches A Perfect Storm

2026-01-28 - 09:50

Key Points USD/BRL broke lower after closing at R$5.2067 on Tuesday, then traded near the mid-R$5.18s early Wednesday. A weaker global dollar, stronger commodities, and softer Brazilian inflation combined with heavy foreign flow. Charts show extreme oversold conditions, but the trend still points down until key resistances return. The dollar extended its slide against Brazil’s