Brazilian real reached new highs and was at 1-year high. USD/BRL crossed below 5 reals in addition to that. Moreover, considering just recently it was at a different range, the rebound is looking impressive. Few weeks ago the rate was at 6-month high. At one point USD/BRL was attaining about 6 level. See more at our Twitter and in a graph below. Food production is expected to be affected too including in the trade area. One of the largest companies JBS S.A. with more than $10s billions in sales worldwide is known to have sales worldwide. The goods will become more expensive if the current rate remains when sold outside of Brazil.
With rebound in US dollar on euro and Swiss franc, Let’s look at EUR/CHF pair.— FXUpdates💵💶💴 (@ForexinWorld) June 17, 2021
▪️ The pair has been below 𝟏.𝟏𝟎 since May 10.
▪️ #EURCHF in range trading little down
Check out more at 👉 https://t.co/VIOSHQF9pL#Swiss #franc #euro #Forex #currency #business #EUR #CHF pic.twitter.com/Q2KreVXfHh
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