Brazilian Central Bank hold an auction of foreign currency swap in $1 billion

The announcement by the Central Bank of Brazil happened with the dollar close to R$ 4.55, of which it will make today (5) an exchange swap auction of up to $1 billion, but it did not satisfy the market due to the volume and timing. Therefore, the currency continued to rise to close at R$ 4.58. The Real has been showing more severe pressure than its peers against the dollar due to the Selic cut, with the chance of falling by 0.5 points in March.

Source: Isto É

Categories: Macroeconomy/Finance