MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Focus Turns to Currency and Europe-based ETF Trade

BRAZIL
  • There is historical precedent for market volatility during periods of political unrest. In May 2017, as Temer’s administration came under pressure from corruption allegations, the BRL slipped close to 9% against the USD over 48 hours, while the Ibovespa dropped over 10%.
  • Back then, implied vols started from a lower base, with USDBRL implied vols holding between 12 – 13 points ahead of the wave of political uncertainty, before shooting higher to touch 27 points.
  • The Luxembourg-traded Lyxor Brazil ETF will be among the first to open in Europe, starting trade at 0800GMT. The US-traded iShares MSCI Brazil ETF follows later today, with pre-market trade at 1200GMT/0700ET.
EM BulletHomepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletEmerging Market News

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.