# Brazil High Interest Rates Fuel World’s Best Carry Trade, Real (BRL) Rally - Bloomberg

> Brazil's real has rallied as high domestic interest rates and strong commodity export prices fueled a carry trade, with returns of 24% since late December. The article describes the currency's performance and investor flows.

- Date: 2022-04-05 · published 2022-04-05T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/42057-brazil-high-interest-rates-fuel-world-s-best-carry-trade-real-brl-rally
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Strong real appreciation makes Brazilian commodity exports more expensive in dollar terms, which can cap export demand and support dollar prices for soy and meal.

## Read by commodity

- USDBRL: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-04-05/brazil-s-sky-high-interest-rates-fuel-world-s-best-carry-trade

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.