The Tuesday HOT TAKE

January 10

What’s HOT

Let’s start with the Brazilian real who has made some big moves only days into the new year. Today it saw a 1% bounce vs the US dollar, leaving it up nearly 4.5% in the past five sessions.

As mentioned at the start of the year, the BRL should remain quite volatile as Brazil settles into a new presidency - of left-wing Luiz Inácio Lula da Silva.

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