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Guedes Hints At Positive Surprise For Job Creation Data

BRAZIL
  • Multiple 1% swings in USDBRL as markets continue to grapple with some optimism following the budget passing and the background of political turbulence. The Real retreated marginally on Tuesday and several analysts cited the commencement of the senate pandemic hearing, however the moves in both USDBRL and the DI swap rates were in line with a firmer dollar and higher US yields.
  • 1430BST/0930ET - Formal Job Creation – Survey 150,000 vs 402,000 Prior (NOTE: *Brazil to unveil positive job creation numbers tomorrow: Guedes – BBG)
  • 1830BST/1330ET – Federal Debt Total – Prior 5199 billion

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