Brazilian Central Bank to Conduct $4 Billion Dollar Auctions with…

The Brazilian central bank will conduct dollar auctions totaling $4 billion over two days, with a maximum of $2 billion available each day, to roll over expiring contracts.

The Brazilian central bank plans to conduct dollar auctions amounting to $4 billion via repurchase agreements on Wednesday and Thursday. On each day, the bank will sell up to $2 billion. This initiative is intended to roll over contracts that are set to expire on April 2, ensuring liquidity in the currency market and stabilizing the Brazilian real.

In conclusion, the Brazilian central bank’s upcoming dollar auctions totaling $4 billion aim to maintain liquidity and manage expiring contracts. By offering these repurchase agreements, the bank seeks to support the stability of the currency market in Brazil.

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