HALISTER1: Brazilian Real Advances; Temer Reforms, Sao Paulo CPI Slows

Brazilian Real Advances; Temer Reforms, Sao Paulo CPI Slows

(Bloomberg) -- BRL opens higher as USD declines versus most peers ahead of BOJ, Fed meetings.
  • BRL rises 0.2% at 3.2670 per dollar vs early high of +0.29%; DI Jan 21 rate -5bps
    • Sao Paulo CPI +0.01% m/m in 2nd Week of Sept., est. 0.09%
  • President Temer, at NYC for UN, vows to boost reforms
    • Bill to free Petrobras of obligations to operate pre- salt fields wasn’t voted on because of regional elections calendar
    • After yday’s below-est. activity index, August tax collection may also disappoint, newspapers say
    • Up to 5,000 reverse FX swaps auctioned 9:30am-9:40am local time
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PETR4 BZ (Petroleo Brasileiro SA)

People
Michel Temer (Federative Republic of Brazil)

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