Free Trial
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
- Confirmation of an adjustment to Brazil’s fiscal targets and the risk-off backdrop across global markets has unsurprisingly weighed on local assets at today’s open. USDBRL (+0.67%) has pierced the 5.22 level, marking the pair at the highest levels since March 2023. This could signal scope for a move to the March 2023 highs at 5.3409 next.
- In similar vein, Brazil swap rates have been rising sharply with long maturities up more than 20 bps on Monday. Pressure on the DI curve has continued today, with the Focus survey’s moderately higher adjustment to the 2024 year-end selic forecast bolstering the move. Contracts expiring in Jan ’26 are now roughly 25bps higher than Friday’s 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok