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Primary Budget Balance Scheduled

BRAZIL
  • 1230GMT/0730ET - Brazil’s primary budget balance likely to show a surplus of 7.5b reais in November, according to economists surveyed by Bloomberg, compared with a surplus of 35.4b reais in prior reading.
  • BCB fixes the so-called PTAX Thursday that will be the reference for overhedge adjustment in the last session of the year. As the central bank already sold the equivalent to $17.5b to alleviate potential volatility caused by the overhedge, it’s expected that the adjustment will cause only minor moves today.

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