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Financial News: BRAZIL: DI Rates Track Dollar And Move Lower

BRAZIL: DI Rates Track Dollar And Move Lower After Last Week's Surge

05/21/2018 - 14:23:00 (RTTNews)

(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil are falling after last week's sharp increases, tracking the locally traded US dollar, which is also down after the central bank stepped up its efforts to curb the currency rise.

The January 2019 DI contract rate declined to 6.662%, from 6.685% last Friday, while the January 2020 DI rate decreased to 7.64%, from 7.76%.

The January 2021 DI contract rate was at 8.82%, from 8.92%. The locally traded U.S. dollar fell 0.80%, to R$ 3.7090.

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