The BRL closed the week at 3.65 reais per dollar, gaining 2.3% and performing in line with its peers
The BRL appreciated slightly (0.3%) but underperformed most of its peers
The Brazilian currency depreciated 1.0%, underperforming its peers
Less benign international scenario put pressure on emerging market currencies
BRL virtually unchanged during a week marked by low volatility
The Brazilian real continued to trade near 3.25 per dollar.
Amid a benign international scenario and reduced liquidity, the BRL ended the final session of the year at 3.31.
Greater risk appetite globally and government efforts to push reforms favored the BRL.
Expectations of a boost to the U.S. economy strengthened the dollar and pressured FX markets
Lower-than-estimated inflation in the U.S. weakens the dollar.
After ending last year and January 2016 in positive territory, the currency flow was negative in February and March.
Both trade-related and financial outflows occurred, of USD 1.1 billion and USD 3.3 billion respectively.