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BRAZIL: Central Bank Cancels FX Credit Line Auction

BRAZIL
BulletEM BulletEmerging Market News
  • Brazil’s central bank called a new FX line auction on Friday after accepting bids for $2bln of the $4bln offered in a first attempt. In an auction held Friday morning, the central bank accepted bids for $2bln and in the second part of the auction, it did not accept any bids for the remaining $2bln offered.
  • It then said it would hold a new auction for a $2bln FX line, receiving bids between 11:20am and 11:25am local time, but this has since been cancelled (as per BBG).
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  • Brazil’s central bank called a new FX line auction on Friday after accepting bids for $2bln of the $4bln offered in a first attempt. In an auction held Friday morning, the central bank accepted bids for $2bln and in the second part of the auction, it did not accept any bids for the remaining $2bln offered.
  • It then said it would hold a new auction for a $2bln FX line, receiving bids between 11:20am and 11:25am local time, but this has since been cancelled (as per BBG).