RIO DE JANEIRO, BRAZIL - After auctioning US$34.4 billion of international reserves in recent months, the Central Bank (BC) will sell an additional US$7.5 billion in the spot market in December. The announcement was made yesterday, November 28th, by the monetary authority after the markets closed.
With no impact on the exchange rate, these auctions are unrelated to the interventions that the Central Bank has made this week to contain the . . .