USD/BRL Holds 5.16 as Iran Conflict Tests BRL Carry Trade

2026-03-03 - 09:53

USD/BRL R$5.1651 +0.60% DXY 98.42 +0.95% Selic 15.00% unchanged Brent Crude $77.74 +6.7% The Big Three 1 Iran strike reshapes the risk landscape overnight. The coordinated US-Israel attack on Iran killed Ayatollah Khamenei and effectively closed the Strait of Hormuz, triggering a classic safe-haven rotation into USD, gold, and Treasuries. The DXY surged ~1% to