December 20, 2024 12:31 GMT
BRAZIL: USDBRL Down a Further 1.1% as $3B USD Spot Auction Confirmed
BRAZIL
- Wires noting the confirmation that Brazil sells the full $3B in the previously announced spot auction. As a reminder, there will be an additional FX credit line auction of up to $4b at 10.20 local time. USDBRL is down a further 1.1%, trading at 6.0725 at typing, now roughly 4% below the post FOMC highs.
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