Access your accountaccess your accountOpen account
Relatórios de economia
20/2/2026

Week in Charts - 02/06 to 02/20

Por

Cristiane Quartaroli

Despite the shorter week due to the Brazilian financial market being closed for Carnival, the real remains a standout among emerging market currencies and one of those that appreciated the most during the period. The narrative regarding our attractive interest rate differential still holds up and remains a major driver of risk appetite for Brazil. As a result, capital flows in and our exchange rate strengthens. Furthermore, it is worth noting that uncertainty regarding the future of U.S. interest rates persists, which helps to take some steam out of the dollar.

The yield curve, in turn, saw a slight uptick this week following the release of December's IBC-Br. The indicator performed slightly better than market expectations, supported primarily by the services sector and stronger performance in agriculture, signaling that the slowdown of the Brazilian economy is indeed expected to be gradual. This helped to cool expectations for more aggressive Selic rate cuts, and the yield curve reflected this behavior accordingly. The expectation is that the Central Bank will stick to its flight plan of reducing the Selic rate in a slow and steady manner.

Listen to our podcast!

Everyday economy

A summary of the main events of each day that may influence the exchange rate, all in less than 1 minute.

Listen now

Outros artigos

Ver todos artigos