The Brazilian Central Bank will auction $4 billion in dollars through repurchase agreements over two days, with the intention of rolling over contracts expiring on April 2.
The Brazilian Central Bank recently disclosed plans to conduct dollar auctions amounting to $4 billion, utilizing repurchase agreements. Auctions are scheduled for Wednesday and Thursday, with the bank intending to sell up to $2 billion each day. This financial maneuver is primarily aimed at rolling over contracts that are set to expire on April 2.
The Brazilian Central Bank’s initiative to auction $4 billion in dollars via repurchase agreements serves to manage currency liquidity effectively. This strategy of rolling over expired contracts reflects the bank’s commitment to maintaining stability in foreign exchange markets.
Original Source: www.tradingview.com
