Brazil IPCA Inflation came in at 0.33% below forecasts (0.35%) in December

USD is likely to trade in a range between 6.9740 and 6.9900. In the longer run, outlook for USD is neutral now; it is likely to trade between 6.9660 and 7.0160, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.