OctaFX | OctaFX Forex Broker
Open trading account

Brazil: Signals for more easing ahead – Rabobank

The BCB extraordinarily brought forward from Tuesday to Monday the publication of the minutes regarding the 17-18 March Copom policy meeting, strategists at Rabobank brief. USD/BRL trades at 5.095.

Key quotes

“The minutes suggest the Copom signals room for more easing ahead by conveying much more concern about Covid-19 than the statement issued after the latest Copom meeting.”

“We now look for at least one more rate cut of 50 bps (rather than a 25bp-cut) either at the next May meeting or even at an intermeeting decision before May, bringing the Selic rate at end-2020 down to 3.25%.”


Currencies: Further gains in the likes of NOK and AUD – TDS

NOK lead gains (+1.5% vs EUR), while safe-havens have underperformed their G10 counterparts. The US dollar has also weakened across the board, with Ca
Read more Previous

EUR/JPY Price Analysis: Recovery now targets the 121.50 region

EUR/JPY keeps the bullish mood well in place for yet another session on Wednesday. The cross has broken above the critical 200-day SMA in the 120.00 n
Read more Next
Start livechat