Brazil swap rates edge lower on inflation data

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Source: Bloomberg
© Scanpix/FP
The Brazilian Real gained by 0.8% to 1.9860 per U.S. Dollar and swap rates on contracts to January 2014 slipped by four basis points, 0.04 parentage points, to 8.17 percent in the morning of Sao Paulo trading hours on Tuesday. Swap rates changed direction for the first time in last seven days, on data of a consumer-price report indicating a slowing inflation, what damped speculation that the central bank will raise the key interest rate tomorrow.
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Tue, 16 Apr 2013 17:26:02 GMT

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