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USDCAD TECHS

Approaching Major Support

US TSYS SUMMARY

Inflation Concerns Underpin Bear Steepening

AUDUSD TECHS

Bullish Theme

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  • Price action in the local currency yesterday was consistent with broader moves in the dollar, as Real strength reversed into the close to leave USDBRL broadly unchanged.
  • Focus of the week will be the Copom decision on Wednesday after markets close. Unanimous expectations among all analysts of another 75 basis points hike bringing the Selic Rate to 3.5%.
  • Our full preview with analyst views will be published this afternoon.