USD/BRL positional target review
Brazil GDP dropped 0.5% in Q3 affected by manufacturing and agriculture output. It is the poorest performance in two years. Brazil’s Central bank cut its inflation view for 2014 to 5.6% from 5.7%. The bank revised down its estimates for the economic growth to 2.3%. The USD/BRL pair is trading at the level of 2.3565. […]