Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Brazil’s Central Bank to Study Demand for Swap Rollover Auctions

Oct. 19 (Bloomberg) -- Brazil’s central bank will study market demand for swap rollover auctions one day after the real appreciated to a four-month high against the U.S. dollar.

The evaluations will begin Oct. 21 at 5:00 p.m. in order to assess market conditions for conducting foreign exchange “swap” auctions on Oct. 22, 23 and 24, the bank said in a statement posted on its website. Research is for demand for rollover of swap contracts expiring Nov. 1.

Brazil’s currency weakened to a 4 1/2-year low in August, prompting the central bank to start offering $3 billion in swap and credit line auctions per week. The $60 billion program started Aug. 23 and was scheduled to run through Dec. 31.

The real has appreciated 12.2 percent since the central bank announced the program, the best performance against the dollar among world currencies tracked by Bloomberg. The real closed at 2.1523 on Oct. 17, its strongest level since June 14 before depreciating 0.8 percent yesterday to 2.1700.

To contact the reporters on this story: David Biller in Rio de Janeiro at dbiller1@bloomberg.net; Fabiola Moura in Sao Paulo at fdemoura@bloomberg.net

To contact the editor responsible for this story: Andre Soliani at asoliani@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.