Dollar soars, surpasses R$5.57; Brazil Central Bank intervenes in the market

Although the real is far from being one of the worst-performing currencies of the year, it has lost 5.17% of its value in the last month alone.

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 . . .

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