Morning Note /

Central bank reiterates that it will act as a backstop for the Brazilian Real

  • Talking points: Trade data in focus today, favourable terms of trade supporting BRL’s carry

  • Fixed Income: Bond yields rise despite less hawkish signals from Quarterly Inflation Report

  • Forex: BRL went from the best performing EM currency to the worst on Thursday

Kieran Siney
Kieran Siney

Head of African Markets

ETM Analytics
1 October 2021
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