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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 …

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USD/BRL opens lower in early NY trade
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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 

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