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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.
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Free AccessUSDBRL Slides Below 4.9500 Amid Bolstered Risk Sentiment
- As broadly expected, the Brazilian real has opened up on a positive note on Tuesday, in line with the bolstered risk sentiment and outperformance for EM peers such as the South African rand. USDBRL (-0.70%) is now trading at the lowest level since last Monday, back below 4.9500. Similar optimism being felt across the DI swaps curve, with the majority of the curve shifting between 9-10bps lower, retracing the moves seen on Monday.
- Headlines continue to filter through from president Lula, stating that BRICS cannot be a closed group like the G7 and signalling the belief he does not think the IMF is helping Argentina. As noted, tax collections data and comments from BCB’s Campos Neto and Galipolo are highlights for the local docket on Tuesday.
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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.