Market News – Brazil’s central bank plans to start auctions next Monday. They aim to replace $15.5 billion in currency swaps ending on Jan. 2. They will keep holding these auctions daily until they’ve replaced all the expiring swaps. These actions by the bank help offer protection against currency changes and keep the money market stable.
J.J Edwards is a finance expert with 15+ years in forex, hedge funds, trading systems, and market analysis.
