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BCB Governor Expected To Give Pre-Recorded Remarks

BRAZIL
  • A Mercosur summit planned to conclude a landmark trade agreement with the European Union closed Thursday in Rio de Janeiro with no deal in sight and its leaders focused instead on preventing a burgeoning territorial dispute between Venezuela and Guyana. (BBG)
  • After meeting with Defense Minister Jose Mucio, President Lula will attend an open event at 7pm Brasilia time. Earlier in the day BCB Governor speaks at Lide event in a pre-recorded video.
  • USDBRL remains in a downtrend and the latest sideways price action appears to be a pause in the downtrend. 4.8200 - 4.9535 appears to be the short-term technical range that continues to be well respected in recent weeks.

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