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USD/BRL edges lower as Real rallies after data

  • USD/BRL dropped, spot ref for NDFs 3.1411, 1M NDF 3.1758

  • Onshore spot traded 3.1417/3.1686, importer bids at the base 

  • The FIPE inflation index came in just below forecast at +0.62%

  • Big improvement vs last month's +1.1% a boost before BCB

  • IP was better than forecast also, -1.2% vs -1.4% forecast, Y/Y -7.6% 

  • BM&F 1M NDF range 3.1758/3.2108  

  • Market Data
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