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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 (-1.25%) is extending its decline and is now testing below the key support level of 4.9410, the Feb 2 low. This places the pair at the lowest level since June 2022 and there are no notable levels on the downside until the May 2022 lows of 4.6910.
- As well as the lower inflation data on Tuesday, firmer headline retail sales, stronger oil prices and the lower USD index all providing a supportive backdrop for the Real. There are no tier-one domestic data releases for the rest of the week so the immediate focus will be on the FOMC minutes later today and any potential impact on broader global markets.
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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