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USD/BRL breaks trend support at 3.1297, oil pop boosts BRL

Wednesday, June 10, 2015 1:16 PM UTC

USD/BRL BM&F 1M NDF has traded 3.1026/3.1410 in S.P.
USD weakness the primary driver here, all eyes on the DXY
Trend support at 3.1297 broken, close below bearish
Higher than forecast IPCA will keep BCB on a tightening path
Oil price pop giving the Real a boost on the day
RM yield seekers happy as clams

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USD/BRL breaks trend support at 3.1297, oil pop boosts BRL

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