Analysts at TDS expect the BCB to remain on hold, but sound a more hawkish tone against a strained BRL. Key Quotes “We foresee that for the time being, and at current levels of BRL, the BCB will prefer to address FX weakness with its swap program rather than with interest rates, given lack of external deficit or funding issues, and the very large output gap in the face of repressed inflation. Brazil’s issues are more due to domestic factors, rather than the external environment, which suggest caution on a rate hiking cycle for the BCB, contrary to what the DI market has priced.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY moved into a consolidation phase – UOB FX Street 3 years Analysts at TDS expect the BCB to remain on hold, but sound a more hawkish tone against a strained BRL. Key Quotes "We foresee that for the time being, and at current levels of BRL, the BCB will prefer to address FX weakness with its swap program rather than with interest rates, given lack of external deficit or funding issues, and the very large output gap in the face of repressed inflation. Brazil's issues are more due to domestic factors, rather than the external environment, which suggest caution on a rate hiking cycle for the BCB, contrary to what the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
