The BRL trend is affected profoundly by changes in the TOT.
The export prices are low due to low commodity prices, keeping the BRL under pressure for an extended period.
Conversely, import prices need to fall further to improve BRL.
However Brazil has little control over this , atleast for a near term and economy revive still remains a difficult task.


FxWirePro: Daily Commodity Tracker - 21st March, 2022 



