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BCB Governor Attends Hearing At Senate

BRAZIL
  • Despite a negative open for BRL on Monday following the long weekend, USDBRL edged lower throughout the session to close around 5.0350. Today, Brazil Central Bank chief Roberto Campos Neto attends public hearing at the Senate Economic Affairs Committee. A slew of economic data will cross the wires this morning:
    • 1200BST/0700ET: April Brazil FGV Consumer Conf., prior 87.0
    • 1230BST/0730ET: March Foreign Direct Investment, est. $9.85b, prior $6.45b
    • 1230BST/0730ET: March Current Account Balance, est. $2.1b, prior -$2.82b
    • 1300BST/0800ET: Feb. Retail Sales MoM, est. -0.1%, prior 3.8%
    • 1300BST/0800ET: Feb. Retail Sales YoY, est. 0.8%, prior 2.6%
    • 1300BST/0800ET: Feb. Retail Sales Broad MoM, est. 1.0%, prior 0.2%
    • 1300BST/0800ET: Feb. Retail Sales Broad YoY, est. -1.5%, prior 0.5%
    • 1430BST/0930ET: March Tax Collections, est. 172b, prior 159b

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