Brazilian Real Rises as BCB Cuts Swap Volume, Broad Relief
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- BRL opens higher, paring yesterday’s 2% drop, as global turmoil abates and after BCB cut the volume in daily FX reverse swaps auctions.
Alert: HALISTER1- BRL advances 0.19% to 3.3077 per dollar; DI Jan 21 rate -1bp
- Number of reverse FX swaps in today’s auction cut to 5,000 from previous 10,000; auction to be held from 9:30am to 9:40am local time
- BCB releases weekly report on currency flows at 12:30pm local time
Source: BFW (Bloomberg First Word)
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UUID: 7947283