Free Trial

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"
  • 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.
85 words

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.
  • 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"
  • 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.