HALISTER1: Brazil Real Favored by Improving Inflows, Santander’s Auger Says

Brazil Real Favored by Improving Inflows, Santander’s Auger Says

(Bloomberg) -- Real rises as positive inflows counterbalance BCB reverse swaps impact, Mauricio Auger, FX sales head at Santander says in phone interview.
  • ’’There is client demand for real’’; exporters, foreign direct investments help improve flow
  • Trade balance advance, easing expectations on US rates and China slowdown also positive for BRL
    • BCB reverse swaps auction brings market equilibrium
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Mauricio Auger (Banco Santander SA)

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