RIO DE JANEIRO, BRAZIL - The Brazilian real experienced another day (Octiber 13) in which it depreciated negatively against its peers. Even on a trading day in which the dollar weakened globally, the Brazilian currency continued to depreciate.
For this reason, the Central Bank intervened by injecting the equivalent of US$1 billion into the market through currency swaps.
As a result, the dollar closed yesterday down 0.51% at R$5.5081, after reaching R$5.5731 at the peak of the day. After the close, the Central Bank announced a new auction of swaps worth US$1 billion, which . . .