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USD/BRL off 3.17 highs to 3.10, eyes support at 3.0880

Friday, June 12, 2015 1:44 PM UTC

USD/BRL reverses Thurs BCB swap related rally, off 3.17 highs to 3.10
Support at 3.0880 Thurs/Fri low area, then 50-DMA by 3.06
Offer tipped by 10-DMA (3.1240), Long wicks indicate offered tone
Market focused on COPOM minutes, inflation fight, rate hikes to continue
Rating agencies may be forced to cut if inflation/growth issues persist

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USD/BRL off 3.17 highs to 3.10, eyes support at 3.0880

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