The Brazilian central bank will conduct dollar auctions of up to $4 billion, allocating a maximum of $2 billion on each of two days, with the purpose of rolling over contracts set to expire soon.
The Brazilian central bank has disclosed its plan to conduct dollar auctions with a repurchase agreement, offering up to $4 billion in total. These auctions will take place over two days, on Wednesday and Thursday, with a limit of $2 billion available for sale each day. Additionally, the central bank has indicated that these transactions are intended to roll over contracts that are set to expire on April 2.
In summary, the Brazilian central bank is strategically planning to conduct dollar auctions to provide liquidity and manage expiring contracts. The initiative involves up to $4 billion in sales over two days, reflecting a proactive approach to monetary policy.
Original Source: www.tradingview.com
