MARKETS: DI rates close lower as investors monitor USD, exterior, polls

São Paulo, 11 - The one-day interbank deposit futures rates (DI rates) in Brazil ended lower in a session impacted by caution amid a limited turnaround before tomorrow's national holiday in...

São Paulo, 11 - The one-day interbank deposit futures rates (DI rates) in Brazil ended lower in a session impacted by caution amid a limited turnaround before tomorrow's national holiday in the South American country. Investors monitored the foreign exchange rate swings in a day of increased risk aversion abroad while reacting to Datafolha's voting intention poll. "The turn outside was dizzying by the speed," said a derivatives trader at a national brokerage firm, referring to accelerating losses on the New York stock exchanges. For him, investor caution ahead of the national holiday tomorrow, as long as international markets, strengthened the defensive stance in business. In the morning, investors showed a greater willingness for risky assets in the wake of Datafolha's estimates on the second round of the presidential race. "The survey showed a wide advantage favoring Jair Bolsonaro, indicating that the election is practically resolved," said Banco Fator's chief economist, José Francisco de Lima Gonçalves. In his opinion, "the absence of debates between the candidates in the coming days should help keep Bolsonaro comfortable." The January 2019 DI contract rate closed at 6.525%, from 6.539% in the previous settlement, while the January 2020 DI rate was at 7.66%, from 7.71%. The January 2021 DI contract rate settled at 8.73%, from 8.76%. Olívia Bulla / Agência CMA Translation by Ricardo Gozzi http://www.agenciacma.com.br/esp/



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MARKETS: DI rates close lower as investors monitor USD, exterior, polls

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