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USDBRL Still Eyeing Significant Support at 5.00

BRAZIL
  • USDBRL closed the session unchanged on Monday as significant support for the pair ahead of the psychological and pivotal support at 5.00. Yesterday's low of 5.0188 was just ahead of the 5.01 low from December and is certainly garnering the market's attention. Retail Sales figures today, however, May IPCA inflation will be released tomorrow, where the annual figure is expected to reach 7.93%.
  • Monthly inflation as measured by the IGP-DI index rose below expectations to 3.40% M/m; Est. 3.66%.
  • 1300BST/0800ET – Brazil Retail Sales (Estimate -0.3% m/m vs. -0.6% Prior)
  • 1300BST/0800ET – Brazil Retail Sales (Estimate 18.4% y/y vs. 2.4% Prior)
  • Senate's inquiry into the govt's handling of the pandemic hears again Health Minister Marcelo Queiroga, 9am local.
  • Treasury auctions of inflation-linked NTN-B local notes due 2024, 2028 and 2040.

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