Brazilian Real Weakens as Global Dollar Strength, Risk Aversion Persist

The Brazilian real depreciated 0.23% against the dollar in early trading, tracking a global dollar rally driven by high oil prices, geopolitical risks, and hawkish Fed rhetoric. The move is a continuation of recent pressure on emerging-market currencies, with the dollar index strengthening broadly. The mild pace of depreciation suggests some stabilization, but the underlying risk-off sentiment remains intact.