MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BCB Focus Survey Due At 1225BST

BRAZIL
  • A bullish theme in USDBRL remains intact, despite yesterday’s move lower, helped by the pullback for the dollar in sympathy with the move in US yields as well as the rally in iron ore prices. Attention is still on 5.0983, the Oct 20 ‘23 high, ahead of the 76.4% retracement point at 5.1218. On the downside, the 50-day EMA - at 4.9832 - marks the key support.
  • On the data front, the BCB will publish its weekly focus survey at 1225BST (0725ET). Last week, the 2024 GDP growth forecast was raised again to 1.89%, from 1.85%, while CPI forecasts were left unchanged. Earlier, FIPE CPI printed at +0.26% m/m in the week ended April 7, vs. +0.38% previously. No other data are due today, with attention turning to tomorrow’s IPCA inflation data for March, where analysts expect the annual rate to decline to 4.01% y/y, from 4.50%.
  • In other news, the government is set to propose to the Petrobras board a payout of 50% of its extraordinary dividends, according to an article in Valor. The article says that Haddad would agree with the partial distribution of dividends, as the current Petrobras board has indicated it is supportive of a tax transaction related to oil platform contracts.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.