binance left Coinmarketcap net_left adver left

Brazil FX backed by good fiscal results in south hemisphere summer lull- Reuters poll

Friday, January 7, 2022
Brazil FX backed by good fiscal results in south hemisphere summer lull- Reuters poll © Reuters. FILE PHOTO: Brazilian Real and U.S. dollar notes are pictured at a currency exchange office in Rio de Janeiro, Brazil, in this September 10, 2015 photo illustration. REUTERS/Ricardo Moraes

By Gabriel Burin

BUENOS AIRES (Reuters) - Brazil's real will stay backed up by a surprisingly good fiscal performance into the southern hemisphere summer lull as the campaign for October's presidential election begins to gather pace, a Reuters poll showed.

It oscillated around 5.60 per U.S. dollar in the fourth quarter and is expected to keep doing so, with subdued market action during the summer holiday season softening the hit of the greenback's rise following the latest hawkish Federal Reserve minutes..

According to the median estimate of 21 foreign exchange strategists polled Jan. 4-5, the real is set to strengthen 1.4% to 5.62 per dollar by end-March from 5.70 on Thursday, so long as Brazil's fiscal problems remain under control.

The country's public accounts swung to a small primary surplus in the 12 months through November, thanks to stronger-than-expected tax revenues and slower expenditures resulting from strict spending rules.

But investors worry the improvement may be only temporary after President Jair Bolsonaro's administration tweaked the fiscal framework last year to gain budget leeway for social programs before the vote.

Bolsonaro is trailing in election polls behind former President Luiz Inacio Lula da Silva, who has said he would seek to build a broad range of alliances in a bid to unite a divided country.

"Having been on a positive trajectory since 2016 and into the pandemic, it looks as though Brazil's post-pandemic policy mix could be heading in the wrong direction," said Padhraic Garvey, ING regional head of research, Americas.

"This can be categorised as a pre-election government looking to find loopholes in the constitutional spending cap and deteriorating fiscal risk premia forcing the central bank into even more aggressive rate hikes".

Brazil's central bank is leading the most aggressive policy tightening drive in the world. It raised the key interest rate to 9.25% from 2.0% in 2021 and is maintaining an orthodox view this year to fight persistently high inflation.

The real was forecast at 5.70 per dollar in 12 months, virtually flat compared to its value on Thursday at 5.70 and more solid than an expected 3.7% depreciation of the Mexican peso in the same period, to 21.3507 per dollar.

The weaker outlook for Mexico's currency rests on perceptions its central bank's rate hike cycle is still too moderate when measured up against other countries like Brazil, despite a larger than expected https://www.reuters.com/markets/us/mexican-central-bank-hikes-rates-more-than-expected-tame-inflation-2021-12-16 move last month.

(For other stories from the January Reuters foreign exchange poll:)

(Reporting and polling by Gabriel Burin in Buenos Aires; Additional polling by Anant Chandak, Sarupya Ganguly and Indradip Ghosh in BENGALURU; Editing by Chizu Nomiyama)

Leave your comment
ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top ig_main right top Binance _ main right top fbs_main right top tifia_main right top
27-01-2022 18:05:56 (UTC+7)

EUR/USD

1.1146

+0.0003 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (1)

EUR/USD

1.1146

+0.0003 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (1)

GBP/USD

1.3386

+0.0001 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

USD/JPY

115.28

-0.07 (-0.06%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

AUD/USD

0.7038

+0.0006 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

USD/CAD

1.2736

-0.0004 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

EUR/JPY

128.49

-0.04 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (4)

EUR/CHF

1.0374

+0.0006 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

Gold Futures

1,796.30

-0.25 (-0.01%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (2)

Silver Futures

22.793

+0.013 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

Copper Futures

4.4255

+0.0090 (+0.20%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Crude Oil WTI Futures

87.41

+0.13 (+0.15%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

Brent Oil Futures

88.84

+0.15 (+0.17%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Natural Gas Futures

4.334

-0.004 (-0.09%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

US Coffee C Futures

231.78

-7.12 (-2.98%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

Euro Stoxx 50

4,184.97

+20.37 (+0.49%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

S&P 500

4,326.50

-23.43 (-0.54%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

DAX

15,524.27

+64.88 (+0.42%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

FTSE 100

7,554.31

+84.53 (+1.13%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (1)

Hang Seng

23,807.00

-482.90 (-1.99%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

US Small Cap 2000

1,932.23

-44.24 (-2.24%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

Sell (4)

IBEX 35

8,706.00

+85.80 (+1.00%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

BASF SE NA O.N.

68.450

+1.140 (+1.69%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Bayer AG NA

52.58

+1.03 (+2.00%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (10)

Allianz SE VNA O.N.

228.70

+3.90 (+1.73%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (11)

Adidas AG

242.15

-1.05 (-0.43%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Deutsche Lufthansa AG

7.045

-0.022 (-0.31%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

Siemens AG Class N

140.50

-0.74 (-0.52%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (9)

Deutsche Bank AG

11.920

+0.500 (+4.38%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

 EUR/USD1.1146↑ Buy
 GBP/USD1.3386↑ Buy
 USD/JPY115.28↑ Sell
 AUD/USD0.7038↑ Buy
 USD/CAD1.2736↑ Sell
 EUR/JPY128.49↑ Sell
 EUR/CHF1.0374↑ Buy
 Gold1,796.30Buy
 Silver22.793↑ Buy
 Copper4.4255↑ Buy
 Crude Oil WTI87.41↑ Buy
 Brent Oil88.84↑ Buy
 Natural Gas4.334↑ Sell
 US Coffee C231.78Buy
 Euro Stoxx 504,184.97↑ Buy
 S&P 5004,326.50↑ Sell
 DAX15,524.27↑ Buy
 FTSE 1007,554.31↑ Buy
 Hang Seng23,807.00↑ Buy
 Small Cap 20001,932.23Neutral
 IBEX 358,706.00↑ Buy
 BASF68.450↑ Sell
 Bayer52.58↑ Sell
 Allianz228.70↑ Sell
 Adidas242.15↑ Sell
 Lufthansa7.045↑ Sell
 Siemens AG140.50↑ Sell
 Deutsche Bank AG11.920↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,195/ 6,235
(0/ 0) # 1,263
SJC HCM6,195/ 6,255
(0/ 0) # 1,284
SJC Hanoi6,195/ 6,257
(0/ 0) # 1,286
SJC Danang6,195/ 6,257
(0/ 0) # 1,286
SJC Nhatrang6,195/ 6,257
(0/ 0) # 1,286
SJC Cantho6,195/ 6,257
(0/ 0) # 1,286
Cập nhật 27-01-2022 18:05:59
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,797.23-24.93-1.37%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2486025350
RON 95-II,III
E5 RON 92-II2359024060
DO 0.05S1890019270
DO 0,001S-V1925019630
Dầu hỏa1779018140
ↂ Giá dầu thô thế giới
WTI$87.41+0.860.98%
Brent$89.95+0.921.02%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.470,0022.780,00
EUR24.775,4326.164,36
GBP29.663,4530.930,27
JPY191,46202,68
KRW16,2819,84
Cập nhật lúc 06:03:10 28/01/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right