π Brazil's central bank is now fighting a strong currency, not a weak one
The day in view
π Brazil's central bank is now fighting a strong currency, not a weak one
Brazil's central bank bought dollars in May for the first time in a decade, defending against a real that's up roughly 11% year-to-date after net FX flows flipped from a $33.3bn outflow in 2025 to a $9.29bn monthly inflow in April 2026.