If the expected inflation in Brazil in higher than the expected inflation in the U.S.,and the real interest rates are equal across countries,then we would expect the Brazilian real Brazil's currency to:

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If the expected inflation in Brazil is higher than the expected inflation in the U.S., then the Brazilian real will depreciate relative to the U.S. dollar to account for the higher inflation rate in Brazil. This is because higher inflation erodes the purchasing power of a currency, making it less valuable in the foreign exchange market. Since the real interest rates are equal across countries, this does not affect the exchange rate expectation. Therefore, we would expect the Brazilian real to depreciate.

If the Expected Inflation in Brazil in Higher Than the Expected