HALISTER1: Brazilian Real Weakens, DI Rates Up; Retail Sales Drop

Brazilian Real Weakens, DI Rates Up; Retail Sales Drop

(Bloomberg) -- BRL follows weaker EM currencies tied to commodities as oil and iron ore drop.
  • BRL declines 0.7% to 3.2704 per dollar, paring yesterday’s gains after Fed’s Brainard kept dovish message
  • BCB maintains auction of 10,000 reverse swaps
    • DI Jan 21 rate +5bps; July retail sales m/m -0.3%, est. -0.2% (prior 0.1%); broad retail -0.5%, est. 0.8% (prior -0.2%)
  • Brazil set to outline later today a plan to auction 25 infrastructure contracts, Globo says
  • Lower House approves ousting former speaker Cunha
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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