{
  "id": 14953014,
  "title": "Brazilian Real: Downside risks grow above 5.14 against US Dollar – Societe Generale",
  "url": "https://urgent.news/2026/10/16/brazilian-real-downside-risks-grow-above-5-14-against-us-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T12:03:06.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/brazilian-real-downside-risks-grow-above-514-against-us-dollar-societe-generale-202610161203"
  },
  "original_language": "en",
  "account": "Societe Generale's Kenneth Broux notes that the Brazilian Real (BRL) has been struggling against the US Dollar (USD), with the pair forming a higher low and nearing its 200-day moving average of 5.14. A break above this level could potentially lead to a larger upswing towards the September high of 5.20/5.24. The recent low of 4.99 is viewed as short-term support. BRL has gained 2.1% MTD, but its rally has been hindered by the Senate's approval of legislation to shorten the workweek without reducing pay, which may benefit incumbent President Luiz Inacio Lula da Silva in the upcoming 25th October runoff. Additionally, positive retail sales data for Brazil show that retail sales rebounded 0.8% m/m in August after a 0.8% decline in July. Meanwhile, the US Dollar has been experiencing selling pressure due to Federal Reserve Chair Jerome Powell's remarks, which have reinforced doubts about future interest rate hikes.",
  "summary": "Societe Generale’s Kenneth Broux highlights that USD/BRL has formed a higher low and is staging a short-term bounce toward its 200‑day moving average near 5.14.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}