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September Debt Report, Copom Expected To Leave Rates Unchanged

BRAZIL
  • Given USDBRL’s resilience on Tuesday and the greenback weakness overnight, the pair may have room to fall at the open on Wednesday. The central bank is widely expected to keep the Selic rate unchanged, however, continued hawkish rhetoric from the central bank should accompany the decision.
  • Data today:
    • 1330BST/0830ET: Sept. Formal Job Creation Total, est. 275,000, prior 278,639
    • 1830BST/1330ET: Sept. Federal Debt Total, prior 5.78t
    • Just released: Brazil Oct. Construction Prices Rises 0.04% M/m, Est. +0.10%

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