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BCB Intervenes To Stabilise Real

BRL
  • *BRAZIL CALLS SPOT USD AUCTION (bbg)
  • *BRAZIL SELLS $920M IN SPOT USD AUCTION (bbg)
A sharp move lower from 5.51 to 5.47 was seen as the BCB called the spot auction. This action came as the Real was experiencing losses of ~2% against the USD.

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