Brazil’s Financial Morning Call for Thursday, September 17, 2026
Copom cut the Selic to 13.75% and now B3 traders position for the next move. Today's Brazil pre-market sees Petrobras, Vale and USD/BRL in focus. The post Brazil’s Financial Morning Call for Thursday, September 17, 2026 appeared first on The Rio Times .
On September 16, 2026, Brazil's central bank lowered the Selic interest rate to 13.75%, marking the fifth consecutive reduction in a cycle that began at 15%. The decision was unanimous and widely anticipated, with market-implied odds on the Copom options settling near 95% for exactly this outcome. The real is currently trading close to the stronger end of its recent range, with significant support around 5.10 and resistance near 5.15 per dollar.
Petrobras, the state-controlled oil giant, is raising diesel reference prices, but the government subsidy offsets the entire increase, leaving the net effect on distributors unchanged. The corporate focus today is on the Petrobras diesel price move, which is seen as a politically savvy maneuver. The Brazilian data calendar is light, with macro focus shifting to US industrial production and leading indicators later in the day.
The key barometer to watch is the USD/BRL exchange rate, as the real's ability to hold above 5.10 or fall below 5.15 will signal the balance between local rate relief and global dollar strength.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
