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USD/BRL opens lower in early NY trade

Source: Thomson Reuters


  • USD/BRL opens lower in NY, holds ahead of daily pivot by 3.2685

  • Pair moves with broad USD trend, backs off 2015 highs 

  • Market awaits PBR audited financials, weak BRL following path of PBR 5-yr CDS

  • USD/BRL support at 3.2685 daily pivot, 2.2048 10-DMA; Resistance at 3.3133 today's high

  • Brazil IPCA mid-month CPI a touch above forecast, rising inflation no surprise, Apr '03 high 3.3630 & upper Bolli cap 

  • Market Data
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