Brent Oil again approached US$100, while the US Dollar (USD) ended last week at Brazilian Real (BRL) 5.0831. Rabobank projects USD/BRL at 5.35 by year-end, citing narrowing rate differentials and Brazil’s fragile fiscal backdrop. De-escalation pause but risks linger"Following several days of escalation, the weekend was marked by the continued pause in hostilities between the United States and Iran, representing the first tangible sign of de-escalation in nearly two weeks." "The U.S. dollar closed the previous week at BRL 5.0831, implying a 0.56% appreciation of the Brazilian real against the dollar during the week, the seventh-best performance among 24 emerging-market currencies." (This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.