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USDBRL Remains Contained To 5.15/5.20 Short Term Range

  • USDBRL contained range of 5.15/5.20 yesterday and with overall subdued price action ahead of the Fed, it is unlikely we see much price momentum in either direction. Busy data docket, however, mainly second tier releases so unlikely to move the dial.
    • 1300BST/0800ET: June PPI Manufacturing YoY, prior 32.52%
    • 1300BST/0800ET: June PPI Manufacturing MoM, prior 1.11%
    • 1330BST/0830ET: June Total Outstanding Loans, est. 4.21t, prior 4.18t
    • 1330BST/0830ET: June Personal Loan Default Rate, est. 4.2%, prior 4.1%
    • 1330BST/0830ET: June Outstanding Loans MoM, est. 1.1%, prior 1.2%
    • 1830BST/1330ET: June Federal Debt Total, prior 5.17t

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