{"id":175087,"date":"2026-05-11T12:16:17","date_gmt":"2026-05-11T12:16:17","guid":{"rendered":"https:\/\/www.europesays.com\/ee\/175087\/"},"modified":"2026-05-11T12:16:17","modified_gmt":"2026-05-11T12:16:17","slug":"veel-pikk-tee-ees-endine-goldman-sachsi-strateeg-ennustab-brasiilia-reaali-markimisvaarset-tousu","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ee\/175087\/","title":{"rendered":"\u201eVeel pikk tee ees\u201c: endine Goldman Sachsi strateeg ennustab Brasiilia reaali m\u00e4rkimisv\u00e4\u00e4rset t\u00f5usu"},"content":{"rendered":"<p>Key Takeaways<\/p>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\">Robin Brooks m\u00e4rgib, et USA ja Iraani pingete t\u00f5ttu t\u00f5useb alahinnatud Brasiilia real j\u00e4rgmisena \u00fcle 4,5.<\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\">Kuna Hormuzi v\u00e4ina rahutused suurendavad Brasiilia eksporti, v\u00f5ib turg j\u00e4rgmisena n\u00e4ha 20% reaali t\u00f5usu, mis peegeldab 2022. aastat.<\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\">Eelseisvad valimised Lula da Silva ja Fl\u00e1vio Bolsonaro vahel v\u00f5ivad h\u00e4irida reaali t\u00f5usu 4,5-ni.<\/li>\n<\/ul>\n<p> Brasiilia reaali jaoks l\u00e4heneb \u201et\u00e4iuslik torm\u201d <\/p>\n<p>Brasiilia real on muutunud t\u00f5eliseks erandiks alates vaenutegevuse algusest L\u00e4his-Idas, saades Ungari forintist k\u00f5rvale arvestamata k\u00f5ige paremini toimivaks valuutaks arenevatel turgudel.<\/p>\n<p>Siiski, isegi hiljutise t\u00f5usu juures usuvad anal\u00fc\u00fctikud, et reaali t\u00f5usul on veel potentsiaali ja et valuuta v\u00e4\u00e4rtust toetav nn t\u00e4iuslik torm on tekkimas.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-813044\" src=\"https:\/\/www.europesays.com\/ee\/wp-content\/uploads\/2026\/05\/brazilianrealcorrected_nwmk-768x1376.png\" alt=\"\" width=\"1280\" height=\"2293\"\/><\/p>\n<p>Robin Brooks, Brookingsi Instituudi vanemteadur ja endine Goldman Sachsi peavaluutastrateeg, ennustab, et realil \u201eon veel pikk tee k\u00e4ia\u201d ja et see \u00fcletab vahetuskursi 4,5 reaali dollari kohta, mida ta peab valuuta \u201e\u00f5iglaseks v\u00e4\u00e4rtuseks\u201d.<\/p>\n<p>Brooks v\u00e4idab, et Brasiilia real on \u201ejube madalal ja alahinnatud\u201d ning on valmis saama kasu sarnastest geopoliitilistest teguritest, nagu need olid Venemaa sissetungi ajal Ukrainasse. Tol ajal t\u00f5usis Brenti nafta hind 40% ja Brasiilia real samuti 20%.<\/p>\n<p>Tema arvates t\u00f5stavad Brasiilia reaali v\u00e4\u00e4rtust kaks peamist tegurit. Esimene on USA soov l\u00f5petada praegune s\u00f5da Iraanis niipea kui v\u00f5imalik, mis t\u00f5stab selliste valuutade v\u00e4\u00e4rtust nagu Brasiilia real.<\/p>\n<p>Teine tegur, mis seda prognoositavat t\u00f5usu m\u00f5jutab, on ebakindlus seoses Iraani Hormuzi v\u00e4ina l\u00e4bitavusega. See on kasulik Brasiiliale, mis on tooraine- ja naftaeksportija, mis omakorda toetab reaali v\u00e4\u00e4rtust.<\/p>\n<p>\u201e2022. aastal ei j\u00f5udnud me kunagi alla minu \u00f5iglase v\u00e4\u00e4rtuse 4,50, kuid ma arvan, et see on n\u00fc\u00fcd v\u00f5imalik. Ma eeldan, et j\u00e4rgnevatel kuudel langeb $\/BRL l\u00f5puks alla 4,50,\u201c <a href=\"https:\/\/robinjbrooks.substack.com\/p\/the-perfect-storm-for-the-brazilian\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">l\u00f5petas<\/a> Brooks.<\/p>\n<p>Siiski p\u00fcsivad teised ebakindlused, mis v\u00f5ivad m\u00f5jutada Brasiilia reaali taastumist, sealhulgas eelseisvad valimised, mis on muutunud v\u00f5itluseks president Luiz In\u00e1cio Lula da Silva ja endise presidendi Jair Bolsonaro poja Fl\u00e1vio Bolsonaro vahel.<\/p>\n<p> <img alt=\"Kahanev inflatsioon tabab brasiillasi, kuna L\u00e4his-Ida konflikt t\u00f5stab hindu\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\"   src=\"https:\/\/www.europesays.com\/ee\/wp-content\/uploads\/2026\/05\/1778501777_57_.png\"\/>Kahanev inflatsioon tabab brasiillasi, kuna L\u00e4his-Ida konflikt t\u00f5stab hindu<\/p>\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">Uurige, kuidas m\u00f5jutab kahanev inflatsioon Brasiilia majandust, kui inflatsioon p\u00fcsib ja tarbekaupade maht v\u00e4heneb, kuid hind mitte. read more.<\/p>\n<p><a class=\"flex h-[38px] w-full items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/et\/kahanev-inflatsioon-tabab-brasiillasi-kuna-lahis-ida-konflikt-tostab-hindu\/\" rel=\"nofollow noopener\" target=\"_blank\">Loe n\u00fc\u00fcd<\/a><img alt=\"Kahanev inflatsioon tabab brasiillasi, kuna L\u00e4his-Ida konflikt t\u00f5stab hindu\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\"   src=\"https:\/\/www.europesays.com\/ee\/wp-content\/uploads\/2026\/05\/1778501777_108_.png\"\/><img decoding=\"async\" src=\"https:\/\/news.bitcoin.com\/images\/uploads\/bitcoin_news_newlogo.svg\" alt=\"Bitcoin.com News\" class=\"size-7\" loading=\"lazy\"\/>Kahanev inflatsioon tabab brasiillasi, kuna L\u00e4his-Ida konflikt t\u00f5stab hindu<\/p>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">Uurige, kuidas m\u00f5jutab kahanev inflatsioon Brasiilia majandust, kui inflatsioon p\u00fcsib ja tarbekaupade maht v\u00e4heneb, kuid hind mitte. read more.<\/p>\n<p><a class=\"flex h-[38px] w-full items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/et\/kahanev-inflatsioon-tabab-brasiillasi-kuna-lahis-ida-konflikt-tostab-hindu\/\" rel=\"nofollow noopener\" target=\"_blank\">Loe n\u00fc\u00fcd<\/a><img alt=\"Kahanev inflatsioon tabab brasiillasi, kuna L\u00e4his-Ida konflikt t\u00f5stab hindu\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\"   src=\"https:\/\/www.europesays.com\/ee\/wp-content\/uploads\/2026\/05\/1778501777_108_.png\"\/><img decoding=\"async\" src=\"https:\/\/news.bitcoin.com\/images\/uploads\/bitcoin_news_newlogo.svg\" alt=\"Bitcoin.com News\" class=\"size-7\" loading=\"lazy\"\/>Kahanev inflatsioon tabab brasiillasi, kuna L\u00e4his-Ida konflikt t\u00f5stab hindu<a class=\"flex h-12 w-[180px] shrink-0 items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/et\/kahanev-inflatsioon-tabab-brasiillasi-kuna-lahis-ida-konflikt-tostab-hindu\/\" rel=\"nofollow noopener\" target=\"_blank\">Loe n\u00fc\u00fcd<\/a><\/p>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Uurige, kuidas m\u00f5jutab kahanev inflatsioon Brasiilia majandust, kui inflatsioon p\u00fcsib ja tarbekaupade maht v\u00e4heneb, kuid hind mitte. read more.<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways Robin Brooks m\u00e4rgib, et USA ja Iraani pingete t\u00f5ttu t\u00f5useb alahinnatud Brasiilia real j\u00e4rgmisena \u00fcle 4,5.&hellip;\n","protected":false},"author":2,"featured_media":175088,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[131,12859,130,20067,37,33,35,34,36],"class_list":{"0":"post-175087","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ari","8":"tag-ari","9":"tag-brazil","10":"tag-business","11":"tag-economics","12":"tag-ee","13":"tag-eesti","14":"tag-eesti-keel","15":"tag-estonia","16":"tag-estonian"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ee\/116555899659491738","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/posts\/175087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/comments?post=175087"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/posts\/175087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/media\/175088"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/media?parent=175087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/categories?post=175087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/tags?post=175087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}