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Additional Swaps Auction May Bolster Struggling BRL

BRAZIL
  • It is worth noting that as well as the Central Bank rolling over up to 15,000 FX Swaps May 3 as part of their usual operations, another 20,000 FX swap contracts due Dec. 1, 2022 and April 3, 2023 will be offered in a separate auction.
    • This will be taking place at 9:30-9:40am local time, the Central Bank said in a statement on Monday.

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