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USDBRL Back Into Range Amid Buoyant US Equities/Crude

BRAZIL

USDBRL down just shy of 1%

  • DI Curve bull flattening, with swap rates lower between 2-13 bps on the day.
  • USDBRL retracing the bulk of yesterday's gains amid buoyant risk sentiment.
  • Notably CL1 ~ $45.
  • A volatile few sessions for the currency as markets digest the Government's fiscal stance approaching the end of the year.

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