Skip to content W.A. ![\\"Boatos.org-logo-1](\\" content/uploads/2023/07/cropped-Boatos.org-logo-1-2023.png\\") Search for... * About * Contact * Advertise Search for... W.A. ![\\"Boatos.org-logo-1](\\" content/uploads/2023/07/cropped-Boatos.org-logo-1-2023.png\\") Search for... * About * Contact * Advertise Search for... You are in: Home Page > Politics > **Forex has Brazil x US currency (Real x Dollar) as the most traded thanks to the Bolsonaro government #rumor** # Forex has Brazil x US currency (Real x Dollar) as the most traded thanks to the Bolsonaro government #rumor * Politics * 06/06/2021 * by Raiane Gonoli ![\\"Forex](\\" Brazilian-currency-x-US-Real-x-Dollar-as-the-most-traded-thanks-to-the-government- Bolsonaro-diz-boato.jpg\\") Rumor – Forex has the Brazil x USA currency pair (Real x Dollar) as the most negotiated thanks to the Bolsonaro government. Due to the country's reliable economy, The average is 90,000 trades per day worldwide and growing. On social media, rumors with a political bias and praising the economy of Brazil has gained strength in recent days, especially among voters Bolsonarists, after the announcement of 1.2% growth in GDP (Domestic Product Gross) in the first quarter of 2021, released by the Brazilian Institute of Geography and Statistics (IBGE) last Tuesday (1st). The result was higher than expected by many economists and, despite still there are many cons about this data, economically speaking (as we will explain in detail later), the news ended up increasing expectations of many people regarding the reliability of the current government. For example, a publication that began to circulate mainly in Facebook reports that Forex would have the currency pair Brazil x USA (Real x Dollar) as the most traded thanks to the Bolsonaro government. According to the post, due to the country's reliable economy, these coins would be always traded from 9am to 6pm, yielding an average of 90,000 trades per day worldwide, and increasingly so. For those who don't know, Forex (Foreign Exchange — FX) is a market for exchange rate in which currencies from different countries are bought and sold. It is about one of the largest global financial systems for this type of transaction, which works 24 hours, 5 days a week, and operates online, moving about 5 trillion US dollars daily. Check out below the original text of the publication that is running online: > ## Ancelmo Gois wrote a text criticizing Eduardo Paes? We check _Good news! THE BRAZIL X USA CURRENCY IS TODAY THE MOST TRADED CURRENCY PAIR IN THE WORLD BECAUSE WE HAVE A RELIABLE GOVERNMENT AND ECONOMY Forex is the biggest world currency trading market. This market trades more than one trillion dollars a day. The Dollar x Real currency pair is currently the most traded in the world. The Euro x Dollar pair, which is the pair with the greatest weight and reliability in the world, and has always been the most traded, has an average of 60,000 trades per day and is traded 24 hours a day. The Dollar currency pair x Real is traded worldwide between 9:00 am and 6:00 pm, time of Brasília, has an average of 90,000 transactions per day, and continues growing. It is now the most traded currency pair in the world._ _The Dollar x Chinese Renminbi currency pair, the currency of one of the countries with the most grows in the world, with an average of 25,000 trades per day. This is the financial market around the world and there is no political bias of people indoctrinated. Nobody here buys currencies from countries governed by gangs. Nobody buys currencies that are unreliable. The Argentine Peso per example is not being traded. Nobody buys a coin like that. The Bolivar So, Venezuelan is not even mentioned. Only currencies from countries that have trustworthy governments._ _And the Brazilian x US currency is today the most traded currency pair in the world. Because we have a reliable government and a reliable economy, and that is growing strongly. If this gang that operates in Latin America and pass through a socialist party, not take power again, we will be one of the richest and most reliable countries in the world. It will be very good for everyone, especially for those most in need, and bad for the maharajas, some rich artists, corrupt press and entities that maintained themselves with embezzlement public money. *Great Saturday! 05062021_ ## Forex has Brazil x USA currency (Real x Dollar) as the most traded thanks to the Bolsonaro government? The news didn't take long to gain several shares and go viral. on social media. However, the information is not valid. Our team was suspicious of this story, to begin with, due to the characteristics of the publication's message, quite similar to those of fake news: it is vague (it does not provide more precise data that can prove what is being said, as the date and time of the record of such a rise in currencies in the system), alarmist (intended to cause political polarization in internet), has Portuguese errors and also does not cite any source reliable. Secondly, it is not news to anyone that utopian rumors about Brazilian economy have “sprouted” in droves on the web in recent times, another evidence that led us to doubt the information. Some of them, including us We have even denied it here at Boatos.org, as is the case with the one who pointed out that Brazil's GDP in 2019 would have surpassed the United Kingdom and would have been 6th in the world and another that said that niobium could save Brazil and make it the most rich worldwide. Furthermore, if we analyze it properly, it is not possible to say that the economy Brazilian society is that trustworthy or that the Bolsonaro government is being well seen politically across the globe, as the fake suggests. Due to the numerous controversial speeches by the president, inaction, misinformation and decisions controversial issues regarding the Covid-19 pandemic, as is the case with the possible holding the Copa América football, even amid the alarming number of cases and deaths from the disease and, even worse, with the possibility of a possible third wave of infections, the current management has been harshly criticized for other countries. More than that, as economic reforms also took a backseat in the government's strategic planning, Brazil's economy is still moving forward “wobbly legs”, which would be, to say the least, strange when talking about the supposed increase in Real purchases in the financial market. After all, even with the announcement of 1.2% GDP growth in the last quarter, which puts the country in a scenario of expansion even during the pandemic, which The pace of economic recovery is still slow. This is because, despite the three consecutive quarters of growth, the economy did not, however, eliminate the record fall of 9.2% recorded in the 2nd quarter of 2020. In the 12-month accumulated period, GDP still registered a drop of 3.8%, compared to the four quarters immediately previous ones. In other words, if we observe in isolation, the data, in fact, are good. However, if we view the entire economic context, they do not mean a advancement itself. Finally, contrary to what the message points out, it is also not true that the pair of currencies Real x Dollar is the most traded in the Forex system. The pair doesn't even appears in the latest list of exchange transactions published on the platform. In short: The publication that reports that Forex has the Brazil currency pair x USA (Real x Dollar) as the most traded thanks to the Bolsonaro government is not true. In addition to the Brazilian economy and government not being as well regarded, as the message points out, which interferes with the increase in the purchase of Real in financial markets (even with the rise in GDP), the Real x Dollar pair does not even appear in the latest list of exchange transactions published in the platform. Therefore, we can say that this story is nothing more than bullshit. Ps.: This article is a suggestion from Boatos.org readers. If you want suggest a topic to Boatos.org, get in touch with us via the website, Facebook and WhatsApp on phone (61)99177-9164. Ps2: Check out our new “Opportunities” section by clicking here. 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THE BRAZIL X USA CURRENCY IS TODAY THE MOST TRADED CURRENCY PAIR IN THE WORLD BECAUSE WE HAVE A RELIABLE GOVERNMENT AND ECONOMY