Please mark the only IRRELEVANT piece of information for a trader to develop a trading view to invest in Brazilian assets A. Standard and Poor's has placed the hard currency debt of the Federative Republic of Brazil on a negative outlook, signaling a ratings downgrade in the near future. Brazil's current sovereign debt rating is BB- B. COPOM meeting will be next week; analysts expect a 100 bp cut in SELIC C. In March, total exports of red wine to Argentina declined 0.1% year over year to US$23,053 D. Congress approved a surprise Covid-relief spending bill that will increase the primary fiscal deficit by 3% of GDP and increase the gross pubic sector debt ratio by the same amount

Socorro is an FX trader at MexBan, a leading FX dealer in the market. Reading the Financial Times, Socorro learns that in the next six months manufacturing production in the US will plunge; oil prices will decline 30%; and the FOMC will raise Fed Funds rates in the US by 100 bps. Please indicate the only MXN trade that is NOT suitable for Socorro (she will lose money) a. Ask her buddy Freddy at the Chicago Mercantile Exchange to buy MXN futures on her behalf b. Buy USD calls at MexDer c. Write USD puts at MexDer d. Sell MXN in the OTC non-deliverable forward market onshore with contract expiration at 6 months