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Bolsonaro Released From Hospital, Risk-Off May Weigh On BRL

BRAZIL
  • Brazil's President Jair Bolsonaro was discharged from the hospital on Sunday after undergoing treatment for complications linked to his near-fatal 2018 stabbing. Doctors gave the go ahead and the President is expected to resume his full duties today.
  • Global risk-off and a stronger greenback likely to weigh on the Real at the open. A fairly light data week before Friday's mid-month IPCA inflation data. This will be the final inflation reading before the August Copom meeting, scheduled for the 4th Aug.
  • Central bank releases Focus survey, with analysts' estimates for GDP, FX, inflation and Selic rate, on its website at 1225BST/0825ET.

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