HALISTER1: Brazil Central Bank Signals Partial Rollover of October FX Swap

Brazil Central Bank Signals Partial Rollover of October FX Swap

(Bloomberg) -- With a daily supply of up to 12,000 contracts, excluding the last business day of the month, the Central Bank should roll over about $6b and let approximately $4b expire from total contracts maturing on October 2, according to data compiled by Bloomberg.
  • Central Bank decision is correct; it is positive to take advantage of moments of calm to gradually reduce the stock of swaps, even at a comfortable level, said Mauricio Oreng, strategist at Rabobank
  • At the same time, BC was careful not to damage market conditions, said the analyst
  • NOTE: Brazil to Roll Over Up to 12,000 FX Swaps Sept. 15
Original Story: BC sinaliza rolagem parcial dos contratos de swap de outubro To contact the translator on this story: Taís Fuoco in Sao Paulo at tfuoco1@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 Ney Hayashi

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Source: BFW (Bloomberg First Word)

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Mauricio Oreng (Banco Rabobank International Brasil SA)

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