Dollar soars, surpasses R.57 and leads Brazil Central Bank to intervene in the market

Dollar soars, surpasses R$5.57 and leads Brazil Central Bank to intervene in the market






RIO DE JANEIRO, BRAZIL – The Brazilian actual skilled one other day yesterday in which it depreciated negatively towards its friends. Even on a buying and selling day in which the greenback weakened globally, the Brazilian forex continued to depreciate.

For this motive, the Central Bank intervened by injecting the equal of US$1 billion into the market by means of forex swaps.

As a consequence, the greenback closed down 0.51% at R$5.5081, after reaching R$5.5731 at the peak of the day. After the shut, the Central Bank introduced a brand new public sale of swaps price US$1 billion, which occurred . . .

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