The Brazilian central bank will conduct dollar auctions totaling $4 billion on Wednesday and Thursday, targeting a maximum of $2 billion per day, to roll over contracts expiring April 2.

The Brazilian central bank announced plans to conduct dollar auctions, offering up to $4 billion across two days. Specifically, the auctions will occur on Wednesday and Thursday, with each day allowing for a maximum sale of $2 billion in dollars. This strategy is designed to manage and roll over contracts that are set to expire on April 2.

The Brazilian central bank’s decision to offer $4 billion in dollar auctions highlights its proactive approach to financial management, particularly in rolling over expiring contracts. This move, with a structured maximum sale limit per day, aims to stabilize the market amid fluctuating economic conditions.

Original Source: www.tradingview.com