FXMarketAlerts Team
FXMarketAlerts
Published at 12:20 (GMT) 19 Aug
BRL is opening weaker by 0.21% to 2.2624, as the market gets ready for US CPI data. The glow from the Datafolha polls is gone as the market found reasons to believe Pres. Dilma is not that worse off as initially though. BCB will place the usual 4K in FX swaps and continue the rollover of the US$10.07bn maturity on the 1st of Sep, offering 10K FX swaps for the equivalent of US$500mn. In the DI market, weaker BRL is prompting some reversal of curve flattening. Jan 17 is up 1bp to 11,38%. Data wise, earlier, 2nd preview of Aug IGP-M was on expectations although Fipe IPC was above forecasts at 0.35%. In the US, at 12:30GMT we expect a flat Jul CPI with a 0.2% increase ex food and energy. At the same time we expect Jul housing starts and permits to correct from weaker Jun data, respectively increasing by 0.7% to 980k and 2.8% to 100k.
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