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USD/BRL tests new 11-year high by 2.9200

Friday, February 27, 2015 1:46 PM UTC

Source: Thomson Reuters

USD/BRL tests new 11-yr high by 2.9204
Tax/rate hikes could weigh on growth, inflation already on the rise on weak BRL
Levy trying to control budget, to cap spending at BRL 75b through April
USD/BRL resistance at 2.9420 Sept 2004 high, light gamma above draws USD higher
Support at 2.8958 today's low, 2.8327 23.6% Fib of 2.5489-2.9204

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USD/BRL tests new 11-year high by 2.9200

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