CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USDBRL Broadly Unchanged For Week Ahead Of US Retail Sales

BRAZIL
  • The Brazilian real rebounded throughout Wednesday's session. USDBRL briefly traded above 5.27 following the open but gradually retreated towards 5.22. Lows for the week come in at 5.20 with last week's highs around 5.33 providing short-term resistance for the pair.
    • With Mexico out for independence day holiday and a light domestic docket, broad dollar sentiment will likely be driven by US retail sales data due at 1330BST/0830ET.
    • This morning, Brazil's IGP-10 inflation fell less than economists expected in September. The reading came in at -0.37% m/m versus an expected decline of -0.56%.
  • Local News:
  • Brazil's Supreme Court on Wednesday suspended a high-profile land rights case that the country's indigenous people say is vital for their survival, with no new date for when it will re-take the matter.
    • The top court is weighing whether a state government applied an overly narrow interpretation of indigenous rights by only recognizing tribal lands occupied by native communities at the time Brazil's constitution was ratified in 1988. (NP)
  • The Brazil Senate and Supreme Court have nullified rules that President Jair Bolsonaro issued last week banning social networks from removing what they judge to be disinformation about the coming presidential election.
    • The dual moves by the court and by Congress late Tuesday quickly killed one of the most restrictive and intrusive internet laws imposed in a democratic country. It was a sharp rebuke to a president already struggling with a series of political crises. (NYT)
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.