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