BCB’s Signal of Full FX Swap Rollover Is Conservative: Rabobank
(Bloomberg) -- BCB FX rollover announcement today signals, in principle, full rollover of June maturities, says Mauricio Oreng, Strategist at the Rabobank bank in Brazil.
- "Apparently, BCB wants to stay neutral"
- BCB may see risk of return of volatility
- Foreign scenario has been more favorable to riskier assets recently
- In Brazil, the market remains confident that pension reform should pass
- Oreng does not see great chances of BCB changing the rate of 8,000 contracts per auction, only in case of sudden BRL appreciation
- NOTE: Brazil to Roll Over Up to 8,000 FX Swaps May 16
Original Story: Rabobank: BC foi mais conservador ao sinalizar rolagem integral
To contact the translator on this story: Giulia Camillo in Sao Paulo at gcamillo@bloomberg.net Reporter on the original story: Vinícius Andrade in São Paulo at vandrade3@bloomberg.net Editors responsible for the original story: Daniela Milanese at dmilanese@bloomberg.net Taís Fuoco
Alert:
HALISTER1Source: BFW (Bloomberg First Word)
Tickers RABO NA (Cooperatieve Rabobank UA)
People Mauricio Oreng (Banco Rabobank International Brasil SA)
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