Free Trial

USDBRL Lowest Close Since Jan 18 Below 5.30

BRAZIL
  • The Brazilian Real firmed on Thursday following the Copom rate decision and statement. Yesterday's close marks the first close below 5.30 since 18th January. Technically, the extension lower has opened up a primary target of 5.2145, 76.4% level of the Dec - Mar rally.
  • Released earlier IDP-DI April Inflation 2.22% m/m vs 1.76% est.
  • Brazil's Queiroga to meet with China ambassador today.

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.