Free Trial

Strong Data Adding To Renewed Optimism

BRAZIL

BRL led global performance, with USDBRL closing marginally above session lows at 5.35, down 1.75%. Some renewed optimism saw an extension of the bull flattening in the DI curve with 10-year swaps rates 11 basis points lower at 7.63%.


As well as the rally in crude, strong data complimented the sentiment with Industrial production rising for the eighth consecutive month in December. The annual figure comfortably exceeding expectations with a print of 8.2%.

  • Today, Markit PMIs will be released at 1300GMT/0800ET.

To read the full story

Close

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.