Brazilian Real Drops; DI Rates Up; IGP-M Adds to Global Selloff
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- BRL falls with most of the EMFX market amid fear of central banks being less willing to extend stimulus.
Alert: HALISTER1- BRL declines 0.7% to 3.2965 per dollar, around -2.4% month- to-date; BCB maintains auction of 10,000 reverse swaps
- DI Jan 21 rate +7bps as Brazil yield rises following global bonds selloff; inflation also helps to sour rates as IGP-M 1st preview of 0.38% topped estimate of 0.35%
- Temer says he opposes salary increase for Brazil Judges that could threaten fiscal adjustment, Globo says
Source: BFW (Bloomberg First Word)
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UUID: 7947283