Forex Investment and Currency Trading

Brazil: The weekly central bank survey of market expectations showed a few minor changes in inflation expectations with virtually no shift in the view that inflation will likely remain at relatively elevated levels. Expectations for annual IPCA inflation in 12 months (4.29% from 4.25%) and end of 2008 (4.44% from 4.42%) both edged up slightly. IGP-DI inflation expectations (mostly reflective of wholesale prices) were up to 5.20% from 5.19%, but on a 12-month horizon actually dropped for a fourth straight week to 4.59% from 4.65%.
Economist surveyed continue to expect the Selic unchanged in April, despite last week’s more hawkish than expected [...]

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