The weak Brazilian reals (BRL) against the U.S. dollar (US$) has encouraged Brazilian coffee farmers to increase selling over the past time. The BRL had depreciated 29.29% against the US$ by end-2020. At times, it fell to 5.99 reals per dollar. However, it gradually increased to 5.10 reals per dollar at the year’s end. Market observers have found that there is intervention by the Brazilian central bank whenever the BRL falls to 5.6-5.8 reals per dollar. Money market analysts have forecast that the BRL will rise to 4.5-4.8 reals per dollar in 2021. The domestic currency gain will ease the selling pressure though the coffee production may be large(1). … [Read more...] about Coffee trade prospect 2021
Financial advisor v financial planner
There’s more to working life than money
On a busy day, he may finish at 10 pm or even midnight. If the day is slow or he has something else to do, he turns off the app sometime in the afternoon. And if he feels tired or sick, he can decide to take the day off without needing to ask for anyone’s permission. … [Read more...] about There’s more to working life than money
