Brazilian Real Steady After Copom

2026-03-19 14:01 By Felipe Alarcon 1 min. read

The Brazilian real steadied around 5.27 per US dollar as initial volatility following the Copom decision began to stabilize.

While the real jumped to 5.29 earlier after the Central Bank of Brazil reduced the Selic rate by 25 basis points to 14.75%, the currency found support as investors processed the committee's commitment to a cautious easing cycle.

The real's resilience is being tested by a 7% surge in Brent crude toward $115 following Iranian strikes on Gulf energy infrastructure.

Despite this spike in imported energy costs, the domestic market was buoyed by a 0.15% rise in the March IGP-M preliminary reading, signaling firmer wholesale prices.

Traders remain focused on the divergence between Brazil's new rate path and the Fed's restrictive stance, though the real is currently benefiting from a retreat in the dollar's global momentum as the market balances geopolitical risk with the Copom's ongoing hawkishness.



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