The Brazilian Central Bank will auction up to $4 billion in dollars over two days, with a maximum of $2 billion per day, to roll over contracts expiring on April 2.
The Brazilian Central Bank declared on Tuesday its intention to conduct dollar auctions totaling up to $4 billion, scheduled for Wednesday and Thursday. Each day, the bank will sell a maximum of $2 billion through these auctions, which will include a repurchase agreement. Furthermore, the central bank specified that these operations are designed to roll over contracts set to expire on April 2.
In conclusion, the Brazilian Central Bank is strategically offering dollar auctions worth $4 billion to manage expiring contracts, indicating proactive measures in financial operations. With up to $2 billion available for auction each day, these auctions reflect the central bank’s ongoing commitment to stabilizing the currency environment.
Original Source: www.tradingview.com
