FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

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 T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

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 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

FOMC and COPOM in Focus, USDBRL Edges Away From 5.00

BRAZIL
  • The updated Bloomberg survey shows 38/43 analysts are expecting a 100bp hike at todays BCB meeting. Three are predicting a 125bp hike and two analysts are calling for another 150bp increase to the Selic rate, despite the February statement signalling a reduction in the hiking pace.
  • The full MNI preview with analyst views can be found here: https://marketnews.com/mni-bcb-preview-march-2022-reducing-the-hiking-pace
  • The most recent sell-off in oil and bid to risk has worked against BRL, a currency that had resiliently prospered throughout the early stages of 2022 and through the initial stages of the Russian invasion.
  • Additionally, with momentum having waned below the psychological 5.00 mark, USDBRL has gradually moved higher, closing Tuesday’s session above 5.16.
  • A poll commissioned by Genial Investimentos and Instituto Quaest shows that Brazil former President Luiz Inacio Lula da Silva would get 54% of voting intentions and incumbent Jair Bolsonaro would have 32%, up from 30% in February, in the presidential election runoff. (Bloomberg)
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.