Brazilian Real Gains Ground Amid Disinflation and Dollar Softness

Key Points The Brazilian Real strengthened against the US Dollar on December 23, closing near 5.52, supported by softer domestic inflation data and broader USD weakness. Mid-December inflation aligned with expectations at 4.41%, reinforcing disinflation while the Selic rate remains restrictive at 15%. Persistent fiscal risks, including projected deficits and political uncertainties, continue to cap […]