Free Trial

Mid-Month Inflation Data In Focus On Wednesday

BRAZIL
  • Volatile price action yesterday for USDBRL as the sharp selloff in crude futures and commodities in general weighed heavily on the Real. Following the significant USDBRL rally as markets returned from a local holiday last Friday, the pair extended to just shy of 4.95 before trimming gains to close at 4.8770.
  • Central bank resumes the disclosure of its Focus survey, with three weeks’ worth of economists estimates for GDP, FX, inflation and Selic rate. Numbers, which were delayed by a workers’ strike for higher wages.
  • Additionally, mid-month IPCA inflation figures will be released tomorrow where the annual rate is expected to reach 12.14%. These will be the last set of inflation data before the next Copom meeting/decision on May 4.
  • Treasury auctions Selic-linked LFT notes due 2028; inflation-linked NTN-B local notes due 2027, 2035 and 2060.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.