On December 29, 2022, in an article on The Brazilian Real and Commodities, on Barchart, I wrote:
As we move into 2023, the Brazilian real’s level against the U.S. dollar could take the center of the stage if it moves out of the current trading range and breaks above the $0.21 level or below the $0.17 level.
Many issues face the Brazilian currency in the coming year. President Lula’s Democratic-Socialist ideology will impact the economy, but the government and populace remain divided as the election was close.
