Archive for May 6th, 2021


Another Brazilian Central Bank Rate Hike

May 6, 2021

The Central Bank of Brazil’s Selic Rate was hiked by 75 basis points for the second time this year. Itnow becomes 3.5%. In 2020, the rate had been cut to 2.0% from 4.5% in five incremental moves. The tightening this year has been done because core inflation has risen to the top of the range […] More

New Overnight Developments Abroad - Daily Update

Lower Dollar

May 6, 2021

The dollar settled back 0.4% on a weighted basis and against the euro overnight. The dollar also lost 0.5% relative to the Swiss franc, 0.3% versus the loonie, and 0.1% relative to the New Zealand and Australian currencies. The dollar alternatively edged 0.1% higher against the peso and sterling and held steady on balance versus […] More