Brazil’s real gained after the central bank announced plans to roll over all of its foreign-exchange swap contracts due Oct. 1 to stem the currency’s slide.
The real appreciated 0.4 percent to 2.3713 per dollar at 5:08 p.m. in Sao Paulo, erasing earlier declines. Swap rates due in January fell one basis point, or 0.01 percentage point, to 9.21 percent.
The central bank said in a statement that it will roll over 135,300 currency swaps at auctions Sept. 16-18. The bank has said rollovers are in addition to the $60 billion intervention program announced last week to support the currency.
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