Free Trial

Heading South


Trades Through Key Short-term Resistance


Compelling Case for 50Bp Hikes


BLOCK, 5Y Sale

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
  • Initial optimism in both the Real and DI swap rates faded throughout yesterday's session. Estadao reported that Congress is considering voting on a constitutional amendment to include additional expenses to compensate for the president's potential veto of the budget. This, combined with lingering pressures surrounding a probe into the Government's negligence over the pandemic, was enough to change the tides for local asset prices.
  • USDBRL was boosted by filling the gap to Friday April 1st close and extended gains on the session to 1% to briefly trade above 5.74, continuing Friday's sell-off in the Real.
    • Focus turns to a potential break of resistance at 5.8064, Mar 29 high that would confirm a resumption of technical bullish activity.
MNI London Bureau | +44 020 3983 7893 |
MNI London Bureau | +44 020 3983 7893 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.