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Vaccine Rollout in Focus as Health Ministry Assess Covaxin, Sputnik Requirements

BRAZIL
  • The Brazilian health regulator today meets for an out-of-cycle assessment of the import and distribution requirements for the Covaxin and Sputnik V COVID-19 jabs. The meeting comes as the vaccine rollout is hit by further delays, as Globo today reports that the government have cut their vaccine rollout expectations for June by 4mln doses.
  • Markets look to play catch-up Friday after the Corpus Christi holiday on Thursday kept FX, equity and rates markets closed throughout.
  • BRL finished the Wednesday session higher, with USD/BRL closing at 5.0764 to cement six consecutive sessions of lower closes. Wednesday marked the lowest USD/BRL rate since December last year.

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