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USDBRL & DI Swap Rates Likely To Move Higher Following Holiday

BRAZIL
  • Markets are likely to open with dampened sentiment having missed out on Thursday trade due to the local holiday. USDBRL will likely open in the middle of the weeks range, with 5.00 providing pivotal short-term support for the pair. DI swap rates will also likely readjust following the surge higher for US yields on Thursday.
  • BCB President Roberto Campos Neto will have meetings with other central bankers during the IMF event in Morocco. Separately, BCB’s director of Monetary Policy Gabriel Galípolo attends breakfast held by Goldman Sachs in New York at 9:30am Brasilia time. There are unlikely to be any headlines as the event is closed to the press.

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