Itaú BBA - FX and Capital Markets
  • BRL reaches its strongest level since May  

    Even in a less favorable global scenario, the BRL outperformed its peers

  • BRL outperforms its peer currencies  

    BRL appreciated 1.9% during the week and outperformed its peers

  • Currency flow in positive territory  

    BRL outperformed its peers and closed the week at 3.78

  • BRL rebounds to below 4.00  

    During a week marked by strong gains, the exchange rate closed at 3.84

  • Global background continues to benefit EM FX  

    The Brazilian real was stable by the end of the week, closing at 4.05 per dollar

  • Global relief benefits EM FX  

    The BRL appreciated 3.0% to 4.05 reais per dollar by the end of the week

  • BRL hits another low against the dollar  

    The Brazilian currency remained under pressure last week and hit 4.21 reais per dollar

  • International volatility continues to pressure the BRL  

    The volatile international environment continues to pressure the Brazilian currency.

  • BRL hits new lows and Central Bank resumes interventions in the FX market  

    The Brazilian real fell to as low as 4.21 per dollar on Thursday

  • BRL reaches its weakest level since 2016  

    Exchange rate reached 4.13 reais per dollar during the week

  • International backdrop still pressures EM FX markets  

    Most currencies weakened last week as the crisis in Turkey fueled concerns about emerging market economies

  • International environment pressures EM FX markets  

    Crisis in Turkey triggers global risk aversion

  • BRL outperformed its peer currencies last week  

    The BRL closed the week at 3.71, outperforming its peers.

  • More benign international scenario boosts EM currencies  

    Closing the week at 3.71 per dollar, the Brazilian real performed in line with its peers

  • BRL outperforms peers during the week  

    The exchange rate appreciated and closed at its strongest level since last month

  • BRL hovers around 3.85  

    Despite fluctuating sharply, the BRL closed the week virtually flat at 3.85

  • International environment drove FX markets last week  

    rising concerns regarding a trade war between the U.S. and China pressured emerging market currencies

  • Trade war fears pressure FX markets  

    BRL underperformed peer currencies last week

  • BRL underperformed peer currencies last week  

    The Brazilian currency closed the week at 3.79 reais per dollar, depreciating 1.5%

  • Central Bank maintains FX interventions  

    BRL rebounded after Central Bank intervention extension was announced

  • Central Bank ramps up FX intervention  

    The Brazilian Central Bank ramped up intervention in the FX swap market and the BRL soared

  • BRL hits new lows  

    The exchange rate closed the week at 3.77 reais per U.S. dollar, underperforming its peers.

  • Central Bank increases FX swap offers  

    The Central bank announced an additional 15,000 swap contracts offer.

  • BRL extended losses despite more benign global environment  

    The BRL weakened to 3.60 reais per dollar, depreciating 2.1% during this period

  • Central Bank announces intervention to smooth BRL moves  

    Intervention in the FX market and weaker labor market figures in the U.S. provided relief to the BRL in the end of the week.

  • BRL reaches its weakest level since November 2016  

    The BRL traded above 3.50 last week, but closed the week at 3.46 reais per dollar

  • BRL hovers around 3.40  

    The BRL closed the week at 3.41, appreciating 0.3% and outperforming its peers

  • BRL continues to underperform its peers  

    The exchange rate closed the week at 3.42 reais per U.S. dollar, depreciating 3.4% and underperforming its peers

  • BRL hits its weakest levels since May 2017  

    The exchange rate reached 3.37 reais per dollar, underperforming its peers.

  • BRL remains range-bound  

    Despite sovereign rating downgrade by Fitch, the BRL remained range-bound

  • BRL strengthens amid quieter international markets  

    The exchange rate closed the week at 3.23 reais per dollar, appreciating 2.2%

  • BRL weakens on rising global volatility  

    The global scenario broke its benign period last week and increased instability pressured emerging market currencies

  • Dollar strengthens on U.S. labor market figures  

    Pickup in wage inflation in the U.S. boosted the dollar against many currencies

  • BRL reaches its strongest level since October  

    Emerging market currencies continued to perform well, but the 1.5% gain in the BRL was stronger than for most of its peers

  • International scenario continues to drive currencies  

    A benign international scenario continues to support emerging market currencies

  • Bond issuances abroad stand out in the beginning of 2018  

    Brazilian companies resumed bond issuances abroad.

  • BRL strengthens amid benign external scenario  

    The Brazilian real strengthened and returned to its November level.

  • Another week of underperformance for the BRL  

    The BRL weakened amid rumors that Brazil’s sovereign credit rating could be downgraded

  • BRL underperformed its peers last week  

    Domestically, the postponement of the pension reform vote in Congress to 2018 pressures the BRL

  • New bond issuances abroad last week  

    In the year through November, Brazilian bond issuances overseas totaled $31.2 billion

  • Domestic uncertainties pressured the BRL during the week  

    The BRL depreciated on rumors that the pension reform may only be voted in 2018.

  • Emerging-market currencies strengthened against the U.S. dollar last week  

    Emerging-market currencies strengthen against the U.S. dollar and the BRL reaches its strongest level in November

  • BRL remains range-bound  

    In the midst of uncertainties surrounding the pension reform, the BRL reached its weakest level against the USD since June.

  • BRL underperformed its peers last week  

    The exchange rate closed the week at 3.31 reais per dollar, depreciating 2.4%

  • Global scenario strengthens the USD and pressures emerging market currencies  

    The exchange rate closed the week at 3.24 reais per dollar, depreciating 1.3% and performing in line with its peers

  • Brazil issues global bonds  

    Brazil’s National Treasury issued $3 billion in bonds abroad last week.

  • Emerging market currencies weaken in late September  

    U.S. dollar strengthened and pressured emerging market currencies in late September

  • BRL remains range-bound  

    The BRL slightly depreciated during the week, in line with its peers, but remains in the 3.10-3.15 range

  • Central Bank announces partial rollover of FX swap contracts  

    Central Bank announced rollover of 60% of contracts due in October.

  • BRL reaches strongest level since May  

    BRL reaches 3.09 reais per dollar, its strongest level since May.

  • BRL appreciates with favorable data in Brazil and in the U.S.  

    The BRL closed the week at 3.14 reais per U.S. dollar, appreciating 0.6%.

  • Concerning domestic scenario weakens the BRL  

    Domestic uncertainties later pressured the exchange rate, which closed the week at 3.16 reais per U.S. dollar

  • Strong BRL appreciation during the week  

    The minutes of the last Federal Reserve meeting and rising commodity prices boosted currencies last week, including the BRL

  • BRL weakens amid domestic and international uncertainties  

    Brazilian currency underperformed its peers amid rising international and domestic uncertainties

  • Dollar strengthens on U.S. labor market figures  

    Strong figures from the U.S. labor market pressured the BRL, preventing a sixth consecutive weekly gain.

  • BRL continues to strengthen amid a benign external environment  

    The BRL ended the week at 3.13 reais per dollar, appreciating 0.4% from the previous week.

  • BRL appreciates amid a benign environment for EM  

    International scenario strengthened emerging market currencies, including the BRL.

  • BRL and peers show strong performance during the week  

    Approval of the labor reform in the Senate and lower-than-expected inflation in the U.S. boost the BRL during the week

  • BRL outperformed its peers last week  

    As wage pressures in the US remain subdued, late in the week the greenback lost momentum against the BRL

  • BRL ends 1H17 close to 3.30  

    The BRL ended the week at 3.31 reais per U.S. dollar, outperforming its peers

  • BRL weakens amid political uncertainty  

    Non-approval of the labor reform by the Senate’s Social Affairs Committee pressured the BRL.

  • BRL remains range-bound during the week  

    In a week shortened by the holiday, the exchange rate continued to trade between 3.25 and 3.30 reais per U.S.

  • Political uncertainty weighs on the BRL  

    The exchange rate depreciated 1.55% from one week earlier, underperforming its peers

  • Weaker U.S. labor market boosts the BRL  

    Non-residents, banks and institutional investors hold positions of $13.8 billion, $9.9 billion and $2.8 billion, respectively

  • Political uncertainty keeps the BRL under pressure  

    Political uncertainty in the domestic scenario continues to pressure the BRL, which ended the week at 3.26 reais per dollar.

  • BRL weakens sharply amid political uncertainties  

    Last week, political headlines created great instability in financial markets.

  • Brazilian currency appreciated last week  

    Last week, greater market optimism regarding the approval of the pension reform in Congress supported appreciation in the local currency.

  • BRL outperforms peer currencies during the week  

    The approval of the pension reform by a special committee in the Lower House enabled the BRL to outperform its peers.

  • Political uncertainties keep the BRL under pressure  

    Political noise pressured the Brazilian currency last week.

  • Domestic and external factors pressured the BRL  

    Risk aversion driven by the French elections and concerns regarding the pension reform bill in Congress pressured the BRL

  • Central bank signals full rollover of FX swap contracts expiring in May  

    The outstanding amount of FX swap contracts now stands at $18 billion

  • Exchange rate still hovering near 3.10  

    Exchange rate ended 1Q17 at 3.12 reais per U.S. dollar

  • BRL weakens on political uncertainty  

    Uncertainty about the approval of the pension reform and the increase in the country risk premium pressured the BRL last week

  • A more benign external scenario boosts currencies  

    A more benign external scenario and improved risk outlook strengthen the BRL

  • Expectations of Fed rate hike continue to pressure FX markets  

    Payroll figures pointing to solid growth in the U.S. labor market increased expectations of a rate hike by the Fed next week.

  • Potential rate hike in the U.S. pressures FX markets  

    As expectations for an increase in the benchmark interest rate in the US intensified, the BRL weakened.

  • External scenario and swap contracts pressure the BRL during the week  

    Global risk aversion and the expiration of $4.55 billion in FX swap contracts pressured the BRL late last week.

  • BRL strengthens along with commodity prices  

    Rising commodity prices and expectations of larger inflows to Brazil boosted the BRL last week

  • Dollar weakens against emerging-market currencies  

    Real appreciates again due to better-than-expected data from China.

  • Weaker U.S. dollar across the board  

    U.S. dollar continues to lose strength against different currencies amid uncertainties about U.S. economic and monetary policy.

  • BRL hits strongest level since October  

    The BRL appreciated against the greenback and closed at 3.14 reais per U.S. dollar, its strongest level since October

  • BRL outperforms its peers during the week  

    The BRL closed the week at 3.17, appreciating 1.36% from a week earlier and outperforming its peers

  • External bond issuances resume  

    Last week, there were four bond issuances by Brazilian companies abroad, adding up to $5.2 billion.

  • Currency outflows in 2016  

    The Brazilian real started the first week of 2017 appreciating against the U.S. dollar.

  • Exchange rate ends 2016 at 3.25 reais per U.S. dollar  

    The exchange rate appreciated during the year and ended 2016 at 3.25 reais per dollar.

  • BRL outperforms peer currencies  

    BRL appreciates and outperforms peer currencies.

  • U.S. Dollar strengthens after rate hike in the U.S.  

    The U.S. Fed decision to increase the benchmark interest strengthened the dollar against most currencies, including the BRL.

  • BRL strengthens on fiscal reforms expectations  

    The BRL appreciated on expectations of the spending cap bill vote and on the fact that the Pension Reform was sent to Congress.

  • BRL underperforms its peers during the week  

    Brazilian currency depreciated 1.8% last week.

  • Domestic and international drivers pressure the BRL  

    The exchange rate closed the week at 3.41 reais per U.S. dollar, underperforming its peers

  • BRL strengthens during volatile week  

    During a week of sharp volatility, the BRL hit 3.47 reais per dollar, but closed the week with a slight gain

  • BRL weakens and central bank increases interventions in the FX market  

    BRL weakens due to uncertainties regarding the next U.S. administration and central bank intervenes to reduce volatility

  • BRL weakens amid uncertainty in the U.S.  

    With the U.S. elections approaching and rising uncertainties on the outcome, investors turned their backs on riskier assets

  • BRL reaches the strongest level in 2016 due to repatriation funds  

    The BRL appreciated and reached its highest level in 2016 (3.10) due to capital inflows brought by the Repatriation Law.

  • Brazilian real near highs in 2016  

    News regarding inflows due to adherence to the repatriation program favored the BRL last week

  • Exchange rate traded around 3.20 reais per U.S. dollar  

    The approval of the PEC 241 improved expectations regarding the fiscal adjustment and boosted the BRL last week.

  • New external bond issuances last week  

    Two Brazilian companies offered bonds abroad last week

  • Stable rates in the U.S. boost currencies around the world  

    The U.S. Fed signaled a gradual interest rate hike favoring stocks and currencies around the world.

  • Central bank reduces interventions in the FX market  

    Central bank reduces interventions through reverse swap auctions

  • Brazilian corporate issuances abroad add up to $15.5 bn in 2016  

    Brazilian corporate issuances abroad add up to $15.5 bn year-to-date and more than double 2015 figures.

  • BRL stable around 3.25  

    During the week of the impeachment and COPOM meeting in Brazil and labor market data in the U.S., the BRL around 3.25

  • Fed speeches pressure currencies around the world  

    The message given by the Fed led currencies to weaken around the world.

  • Central bank reduced interventions in the FX market  

    The amount of reverse swap contracts auctioned last week was reduces to $500 million from $750 million.

  • Central bank increases interventions in the FX market  

    Since last Thursday, the central bank has been carrying out auctions of US$ 750 million

  • BRL tests new highs in 2016  

    Exchange rate closed the week at 3.17, strongest level since July 2015

  • BRL virtually unchanged in a week of low volatility  

    The exchange rate remained range-bound, trading at 3.25-3.30 reais per U.S.

  • Brazil issues sovereign bonds abroad  

    The National Treasury raised $1.5 billion in international markets last week

  • International scenario drove the Brazilian real last week  

    The international scenario favored flows to emerging markets, strengthening their currencies last week

  • Brazilian companies raised $3.5 bn abroad  

    Brazilian companies resumed bond offers overseas last week

  • BRL tests new highs and Central Bank resumes intervention  

    The reversal of the global risk-off movement favored emerging markets currencies last week

  • Brexit pressured emerging market currencies  

    Britain’s vote to leave the European Union caused risk aversion and pressured emerging market currencies

  • Volatility rises on Brexit risk  

    Uncertainties related to the UK’s referendum on whether to remain in or leave the EU increased risk aversion

  • Issuances abroad already higher than in 2015  

    Overseas bond issuances total $11.1 billion year-to-date ($9.6 billion from corporations)

  • Dollar weakens globally on U.S. labor market figures  

    Weaker figures on the U.S. labor market damped expectations of an earlier interest rate hike by the Fed.

  • BRL weakens and closes the week above 3.60  

    Despite the announcement of fiscal adjustment measures by the Brazilian government, the exchange rate depreciated 2.50%

  • International market reopens to Brazilian corporate issuances  

    An oil & gas company issued $6.75 billion in bonds expiring in 5 and 10 years.

  • Exchange rate trades around 3.50  

    The BRL weakened 0.9% during the week, slightly outperforming its peers

  • Trade inflows in April  

    After two consecutive months of outflows, the currency flow was positive in April

  • BRL reaches its strongest level in 2016  

    The exchange rate closed the week at its strongest level in 2016

  • Foreign currency inflows in April  

    After two consecutive months of outflows, the currency flow became positive in April.

  • Central bank boosts interventions in the FX market  

    Central bank offered $24.7 billion in reverse FX swap contracts last week

  • BRL outperforms its peers  

    A favorable external environment led to appreciation in emerging market currencies last week

  • Central bank increases interventions in the FX market  

    Risk-off sentiment led to depreciation in emerging-market currencies last week.

  • Central bank reduces FX swap rollovers and announces reverse FX swap auction  

    Slightly weaker BRL during a week of political turmoil.

  • Brazil issues global bonds  

    The National Treasury raised $1.5 billion by issuing international bonds due in 2026, with a 6.125% p.a. yield

  • BRL tests new highs in 2016  

    The Brazilian currency closed at 3.75

  • Slight BRL appreciation, despite sovereign downgrade  

    The BRL slightly appreciated, as international markets reacted positively to China’s signals toward exchange rate stabilization and new fiscal measures.

  • BRL underperforms its peers following S&P’s downgrade  

    S&P downgraded Brazil’s sovereign rating to BB from BB+, and maintained a negative outlook.

  • Global risk aversion pressures the BRL  

    Low global growth worries weaken the Brazilian real

  • Weaker U.S. Dollar, stronger BRL  

    More dovish signals by the Fed led the dollar to weaken against several currencies.

  • BoJ action boosts global markets  

    The BoJ decision surprised expectations and boosted global markets

  • BRL tests new lows  

    The central bank’s Monetary Policy Committee decision to keep the Selic unchanged surprised market expectations and pressured the currency

  • U.S. dollar strengthens against emerging-market currencies  

    Uncertainties surrounding China drove international markets

  • FX flow was positive by $9.4 billion in 2015  

    FX flow in 2015 was the best annual result since 2012

  • BRL near 4.00 in the end of 2015  

    The dollar strengthened almost 50% against the real in 2015

  • Sharp volatility in the FX market  

    After weakening against the dollar and topping 4.00, the exchange rate reversed the depreciating trend

  • Fitch downgrades Brazil to non-investment grade  

    Fitch downgraded Brazil’s sovereign rating to speculative grade and the exchange rate closed the week near 4.00 reais per U.S. dollar

  • Risk of another sovereign downgrade weakens the BRL  

    Moody’s placed Brazil’s sovereign rating on review and paved the way for a downgrade

  • Foreign currency inflows in November  

    In November, there were $4.1 billion in currency inflows

  • Central bank announces full rollover of FX swaps again  

    If this pace is maintained, contracts will be fully rolled over for a fifth consecutive month.

  • BRL back to pre-S&P downgrade level  

    The currency strengthened as presidential vetoes were maintained.

  • BRL weakened again last week  

    The exchange rate closed at 3.85 reais per U.S. dollar, underperforming its peers

  • BRL - strong performance last week  

    Notwithstanding stronger U.S. payrolls, the Brazilian currency outperformed its peers

  • Brazilian real strengthened over the week  

    Brazilian real strengthened due to a more favorable scenario.

  • Brazilian real underperformed its peers last week  

    On Friday, political uncertainties once again weighed on the currency.

  • Real trades again below 3.80  

    Brazilian real followed the external scenario and closed the week at 3.76 reais per U.S.dollar.

  • Respite for the real last week  

    The Brazilian real appreciated slightly during the past week.

  • Central bank intensifies interventions in the FX market  

    Brazilian Real reaches new lows and Central Bank increases its intervention on FX market.

  • Brazilian Real testing recent lows  

    Domestic uncertainties and FED decision led Brazilian real to 3,95 reais per dollar.

  • Real closed the week at 3.87 after S&P downgrade  

    The Brazilian Real weakened after losing investment grade by S&P and closed the week at 3.87 reais per U.S. dollar.

  • Real closed the week at its lowest level  

    The Brazilian currency weakened throughout the whole week due to the deterioration in the fiscal outlook.

  • Real tested new lows last week  

    The real weakened beyond 3.65 at some point with the global risk aversion, but markets calmed down later in the week.

  • Exchange rate traded around 3.50 last week  

    Domestic and international scenarios influenced the currency and the Brazilian real floated around 3.50 reais per U.S. dollar.

  • Currency flow becomes positive again  

    The financial flow became positive after 11 weeks of outflows

  • Central bank accelerates the FX swaps rollover pace  

    Another week of depreciation for the local currency and the central bank accelerated the pace of FX swap rollovers.

  • Central bank maintained the pace of FX swap rollovers  

    Another week of exchange rate depreciation. But the central bank maintained the pace of FX swap rollovers.

  • Real hits weakest level this year  

    The downward revision in the government’s fiscal target for this year and coming years impacted the exchange rate last week.

  • International and domestic factors drove the Brazilian Real last week  

    The real weakened by the end of last week due to domestic uncertainties.

  • Real weakens on commodity prices and Greece  

    Uncertainties surrounding the Grexit and the drop in commodity prices put pressure on the exchange rate, which weakened beyond 3.20 reais per U.S. dollar.

  • Central bank reduces the FX swap rollover pace  

    Central bank slowed down the rollover pace of August contracts. If the new pace is maintained until the end of the month, the means rollover of 60%.

  • Foreign currency outflows in June  

    After three weeks of appreciation, the real depreciated last week.

  • Central bank reduces the FX swap rollover pace for the 2nd time in the month  

    Fed’s signaling reduced dollar strength and the real appreciated last week, despite the reduction in the FX swap rollover pace.

  • International bond issuances picked up last week  

    International bond issuances gave a boost to the Brazilian real, which strengthened throughout the week.

  • Central Bank announced rollover of 80% of FX swap contracts  

    The central bank will, once again, roll over 80% of the total batch (if the pace is sustained) and will reduce its short position in FX swaps by $1.7 billion.

  • Real Weakens Again  

    Domestic and external factors put pressure on the currency later in the week, that reached 3.09

  • Exchange Rate Traded Around 3.00 Reais per U.S. Dollar  

    Brazilian currency continued to trade around 3.00 reais per U.S. dollar.

  • International Market Reopens for Brazilian Issuances  

    The approval of fiscal measures and weaker U.S. labor market figures led the real to strengthen later on.

  • Central Bank Announced Partial Rollover of FX Swap Contracts  

    The real interrupted last week the appreciating trend seen in recent weeks

  • Currency flow remains positive  

    The real kept last week the upward trend, moving below the level of 3.00 reais per dollar.

  • Domestic and International Drivers Support the Real  

    The real extended the strengthening trend of the previous weeks, due to domestic and international factors

  • Real Sustains Upward Trend  

    The exchange rate held the upward trend of the previous week, although Fitch Ratings revised the outlook on Brazil’s sovereign debt to negative from stable.

  • Stronger Real and Rising Volatility  

    The exchange rate was still highly volatile last week, but unlike previous weeks, the Brazilian real closed stronger than one week earlier.

  • Central Bank Announces the End of FX Swap Program  

    The central bank also informed its intention to fully rollover swap contracts expiring after May 1st.

  • Rising Volatility in the FX Market  

    The exchange rate was highly volatile last week. Along with domestic political and economic uncertainties, the FOMC’s decision also influenced the currency.

  • Real continues to test all-time lows  

    During the past week, the Brazilian real continued to depreciate in the face of local political and economic uncertainties.

  • Weakening Trend in the Real Continues  

    Exchange rate depreciated beyond 3.00 reais per U.S. dollar and the central bank did not change its form of intervention.

  • Central bank hasn’t announced full roll over of FX swap contracts  

    The depreciating trend in the Brazilian real was interrupted by the announcement of new fiscal tightening measures on Friday.

  • High Volatility and Stronger Dollar  

    The exchange rate closed at 2.87 reais per dollar

  • Another week of depreciation for the Brazilian real  

    The Brazilian real depreciated over the past week until the release of weaker U.S. retail sales data on Thursday.

  • Foreign currency Inflows in January  

    The Brazilian real depreciated and underperformed its peers last week

  • Central Bank Announced Rollover of Swap Contracts Expiring in March  

    The currency flow was once again positive last week, with $756 million in net inflows.

  • Brazilian Real Strengthens in a Week Marked by ECB and Copom Moves  

    The monetary authority sold $500 million in FX swap contracts last week and rolled over contracts expiring in February.

  • Brazilian Real Strengthens 0.4% Last Week  

    The monetary authority sold $500 million in FX swaps last week and rolled over contracts due in February.

  • Foreign Currency Outflows in 2014  

    The Brazilian real and its peer currencies strengthened during the week

  • Daily Offers of FX Swap Contracts Reduced to $100 Million  

    The currency market waited for the Central Bank to define the renewal of its swap program.

  • Foreign Currency Outflows Reach $7.1 Billion in December  

    Foreign Currency Outflows Reach $7.1 Billion in December

  • FX Swap Program Extended into 2015  

    The international scenario moved the Brazilian real and other emerging market currencies last week.

  • Central Bank Announced More Line Auctions  

    The exchange rate depreciated last week and closed at 2.654 reais against the U.S. dollar

  • Copom Statement Put Pressure on the Real  

    The Brazilian real appreciated until Wednesday, on the back of the expected interest-rate increase by the Central Bank’s Monetary Policy Committee.

  • The Central Bank Announced the Rollover of FX Swap Contracts Expiring in January  

    The real outperformed its peer currencies until the middle of the week

  • Brazilian Real Strengthened Last Week  

    The Brazilian real and some of its peers benefited last week from an improvement in the external scenario.

  • Central Bank Increases FX Swaps Rollover  

    Despite closing the week at 2.60 reais per U.S. dollar, the exchange rate reached weaker levels a few times during the last week.

  • Foreign currency inflows in October  

    The contracted currency flow was very positive in the last week of October.

  • Copom and Fiscal Data Set the Tone Last Week  

    The Brazilian real strengthened throughout the past week

  • Elections Drive FX Volatility in the Past Week  

    Another week was marked by high volatility due to uncertainties surrounding the presidential election outcome.

  • Another Week of Volatility  

    Fears of slower global growth and of an eventual spread of the Ebola epidemic caused a risk-off event last week.

  • Real and Its Peer Currencies Strengthened Last Week  

    The tone last week was benign for the real and other EM currencies.

  • Real Weakens for Another Week  

    During a week of intense volatility, the Brazilian real weakened again

  • Dollar Strengthens; Central Bank Increases Rollover of FX Swap Contracts  

    The monetary authority increased the rollover batch to 15,000 contracts per day from 6,000 after the exchange rate weakened beyond 2.40 reais per dollar.

  • U.S. Dollar Strengthens on Fed Minutes  

    Despite the commitment to keep interest rates at low levels for a considerable period


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