Free Trial

USDBRL 5.20 Support Holds, Economic Activity Data At 1300BST

BRAZIL
  • USDBRL holds 5.20 support from January and bounces in line with regional currency underperformance amid sliding risk sentiment. Initial resistance is at 5.4078, the 20-day EMA.
  • Focus turns to March Economic Activity data due at 1300BST/0800ET
    • Brazil March Economic Activity – Estimate -3.40% m/m vs 1.70% prior
    • Brazil March Economic Activity – Estimate 6.00% y/y vs 0.98% prior
  • Treasury auctions fixed-rate LTN local notes due 2022, 2023 and 2024; fixed-rate NTN-F local notes due 2029 and 2031
    • Selic-linked LFT notes due 2022 and 2027

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.