"After the announcement, the dollar extended outside falls against currencies linked to commodities and emerging," says Jefferson Luiz Rugik, mana loan credit insurance ging director of Correparti Brokerage.
The People's Bank of China reduced the rate of bank loan benchmark one year by 0.25 percentage point to 4.35%. The new rate is effective from October 24, Saturday. The one-year benchmark deposit rate was also reduced by 0.25 to 1.50%.
"This greatly relieves the credit in China and brings consequences for the entire world," says Paulo Nepomuceno, fixed income strategist at Coinvalores, for whom the easing of reserve requirements in China raises the chance that the United States begin to review the stra loan credit insurance tegy to climb interest, "which was basically being delayed by external conditions."
At 10h16, the spot dollar was down 0.29%, quoted at R $ 3.8972 and reached down to a low of R $ 3.8663
