October 24, 2024 17:36 GMT
BRAZIL: USDBRL Trades to Press Session Lows on Campos Neto Fiscal Comments
BRAZIL
- Comments from Campos Neto via Reuters contributing to the moderate pop for the real:
- "WE UNDERSTAND THAT WE WILL HAVE GOVT ANNOUNCEMENTS IN THE SHORT TERM THAT WILL PARTLY ADDRESS THE MARKET'S REACTION TO FISCAL CONCERNS"
"REGARDING POTENTIAL ACCELERATION OF MONETARY TIGHTENING, WE DECIDED NOT TO PROVIDE ANY GUIDANCE"
- "WE UNDERSTAND THAT WE WILL HAVE GOVT ANNOUNCEMENTS IN THE SHORT TERM THAT WILL PARTLY ADDRESS THE MARKET'S REACTION TO FISCAL CONCERNS"
- Separately from Haddad:
- "IF THERE IS A NEED TO REINFORCE PARAMETERS FOR THE GOVERNMENT'S FISCAL FRAMEWORK TO STAND, THIS IS THE PATH WE WILL TAKE" (Reuters)
- USDBRL is now down 0.2% on the session, trading below 5.68 to fresh session lows.
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