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To: elmatador who wrote (43325)12/1/2008 12:36:43 PM
From: Haim R. Branisteanu  Respond to of 219712
 
Interest rats in Brazil are around 13.75% (Selic Rate Target) in the US FED funds are around 1.25%

If I am buying a one year contract of BRL/USD future the discount is around only 7% could any one explain why?

Thank you