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Snapshot: BRL Holding Onto Gains

BRAZIL
  • Local currency holding onto gains before Copom decision this evening. Despite broad dollar indices remaining flat in a subdued US session, the Real has continued its recent upward momentum. The pair also hovers just above 5.3406, 61.8% of the Dec - Mar rally. A clear break would open 5.2145, the 76.4% level.
  • USDBRL down 1.43% at 5.3652
  • BRLMXN up 1.64% at 3.775
  • S&P E-Mini Future up 10.25 points (0.25%) at 4168.5
  • WTI Crude Oil (front-month) down $0.42 (-0.64%) at $65.27
  • US 10-Yr yield is down 1.1 bps at 1.5819%
  • Brazil Ibovespa up 1847.8 points (1.57%) at 119559.8
  • Brazil DI Swaps:
    • 2-yr -5 bps at 6.49%
    • 5-yr -8 bps at 8.29%
    • 10-yr -9 bps at 9.10%
  • Most recently:
    • Brazil congress to seek room for ministries spending (bbg)
    • Brazil congress to vote on pln-4 bill next week (bbg)

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