is this about to break upward in a major way? and if so, ... implications for other markets?
If that break happens -the neckline- a more expensive real will make their exports more expensive-yes/no?
if it breaks down, that means the dollar is going down (real up). then their items become more expensive for us.
if it breaks up, then it means the dollar is going up. ( their items will be cheaper for us ).
i think it will go up. (this would mean more downward pressure on commodities).