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2026-09-23

Currency Performance vs the US Dollar Diverges in 2026, With Brazil's Real Relatively Firm Among EM

Currency Performance vs the US Dollar Diverges in 2026, With Brazil's Real Relatively Firm Among EM

Key points

Currency moves vs USD, 2022 vs Feb-Sep 2026 (%) | Most EM currencies sit weaker (left) in 2026 while Brazil's real is roughly flat, and Colombia and bitcoin lead gains

Image source: @robin_j_brooks