The world-famous Brazilian Carnival has been suspended for 2 years due to the epidemic, and this year it will resume, and the lively scene of Samba girls singing and dancing, gongs and drums will return to Brazil.
在里约，嘉年华于22日开始，一连两个晚上举行。 Thousands of dance troupes from different samba schools take turns to perform in the streets. According to foreign media, the epidemic in Brazil is still not completely over, but the authorities hope to revive the hard-hit tourism industry by resuming this event.
According to data from Johns Hopkins University in the United States, Brazil has accumulated more than 30 million confirmed cases and 662,000 deaths, second only to the United States. The Brazilian government is eager to restart the economy, so it allows the Rio de Janeiro Carnival, which is two years away, but there are fears that this will cause the epidemic to rebound.
全球投资者猜测美联储将更加激进地收紧货币政策，而巴西当地政治消息也引发了投资者的谨慎，雷亚尔在上周五（22日）暴跌。
At the close of the session, the real fell sharply by 4%, and the exchange rate rose to 4.805.
美联储主席鲍威尔在上周五表示，在五月份的货币政策会议上，会把加息0.5个百分点“提上议事日程”，并补充“动作加快一点”比较合适。
The remarks reinforced broad expectations that the Fed would tighten its currency in the highest inflationary environment in four decades, pushing the dollar index soar. The Real continued to move lower after the opening in Brazil.
Higher interest rates in the United States increase the attractiveness of U.S. fixed income investments and tend to increase the flow of resources into the country, thereby benefiting the dollar.
The financial investment firm XP believes that the Fed's move to tighten monetary policy was previously supported by the agency's hawkish officials, but this view has now been widely accepted. So the market has already digested that the Fed will make at least three 0.5% rate hikes in the next series of meetings.
At the same time, the political situation in Brazil began to become tense.
在巴西最高法院对议员Daniel Silveira进行有罪判决后的第二天，也就是21日，总统博索纳洛宣布一项法令赦免了Silveira。 The decree is seen as an insult to the Supreme Court by the president and threatens to trigger a new political crisis.
Although the political turmoil in Brazil is not something the market is happy to see, it has not had much impact on the real. The real's plunge today was mainly affected by concerns about US interest rate hikes. However, the political crisis is not a good signal after all and may put more pressure on real in the future.