Brazil's fiscal picture stays front and center, with the floating-rate share of public debt at a fresh high and inflation expectations sitting above the target range, keeping press
Brazil's fiscal picture stays front and center, with the floating-rate share of public debt at a fresh high and inflation expectations sitting above the target range, keeping pressure on rate expectations. The external accounts offer a mixed signal, as a wider August current account deficit was fully covered by foreign direct investment inflows. Equities slipped modestly amid unfavorable external conditions and an unsettled election picture, while unemployment and public accounts data top this week's calendar.
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