HALISTER1: CORRECT: Brazilian Real Holds Gains; DI Drops

CORRECT: Brazilian Real Holds Gains; DI Drops

(Bloomberg) -- (Corrects rates direction in the headline) BRL extends Tuesday gains tracking broad EMFX advance, buoyed by Chinese trade data, while market awaits ECB’s Draghi speech.
  • BRL up 0.5% to 3.1797 per dollar; DI Jan 21 rate -1bp as broad prices index IGP-DI topped all estimates
  • NOTE: BRL surged 2.65% before yday’s holiday with below-est. U.S. services PMI, inflow optimism and with some analysts seeing Copom minutes as less dovish than expected
  • Government will fight for reforms, house speaker says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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2539Z GR (European Central Bank)

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