In Brazil, inflation data is due today. Economists at Commerzbank analyze USD/BRL outlook ahead of the report.
Brazilian inflation data will act as an indicator for the BCB
Today’s inflation data might constitute an indicator illustrating whether the BCB had managed to avoid a dovish interpretation of its latest rate decision.
In view of the fact that for the first time in 12 months, a rise of the YoY rate is expected not even a surprise to the downside should fuel rate cut expectations in our opinion. Instead, the future rate cut cycle is likely to have been priced into the real sufficiently, so that we expect USD/BRL to remain at the current levels just below 5.00 going forward.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
