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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.
BRAZIL
- USDBRL is up just shy of 2% on the session amid souring risk sentiment in equity markets and a strong boost for the dollar, negatively impacting EMFX.
- We noted the 50-day MA that has now been broken, however, more important horizontal resistance comes in around 5.20 (shown below), matching up with the Jan 14 lows as well as the May lows this year.
- Touted as the resurgent growth story and benefitting from an aggressive hiking cycle from the Copom, investors may pick find opportunity in reinitiating Real longs, despite the uncertain political backdrop.
MNI/Bloomberg
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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