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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.
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Free AccessReal Struggles Following Shocking Retail Sales Report
- USDBRL 1% higher on the open following the shocking retail sales report. Worth noting BCB intervened around 5.43 yesterday, a level which holds for now. Most notable short-term resistance is 5.4560 from late last week.
- Regarding the retail sales report, the figures represented the biggest plummet on record for the month of December. The declines were broad based in all major product categories, pointing to a sharp slowdown in the recovery of Latin America's largest economy.
- Separately, the Lower House agreed to fast-track the central bank autonomy bill yesterday, which will be voted on today. Headlines will be closely monitored surrounding any plans to restart the emergency cash handouts.
To read the full story
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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.