FX.co ★ Brazilian Real Hits 6-Week High

The Brazilian real rose 0.30% to around 4.99 per USD, its strongest level since early March. This advance is being driven in part by a pullback in the US Dollar Index (DXY) toward 98.05, which has boosted demand for emerging-market assets. The real also continues to be underpinned by Brazil’s high interest-rate environment, with the Selic rate at 14.75% delivering a substantial real yield against inflation running at 4.14%. While maintaining price stability remains a key policy objective, the currency’s attractive carry-trade profile and a solid external position—illustrated by a 10.0% year-on-year increase in exports to $31.60 billion in March 2026—are providing strong, ongoing support for its current performance.