After the dollar closed at R$6.26 at the highest nominal exchange rate in history, the Central Bank (BC) announced yet another intervention in the exchange rate to secure the currency. The monetary authority will auction this Thursday (19) up to US$3 billion of international reserves in cash, with no commitment to repurchase the resources later.
According to a statement issued by the BC on Wednesday night (18), the monetary authority will hold the auction between 9:15 am and 9:20 am, shortly after the market opens. This Wednesday, when it did not interfere in the exchange rate, the dollar rose 2.82%, influenced by the delay in voting on the fiscal package and the indication from the Federal Reserve (Fed, North American Central Bank) that it may make fewer interest cuts in the States United in 2025.
With the new auction, the BC will have injected around US$15 billion into the foreign exchange market in December alone. On Tuesday (17), the BC sold US$ 1.272 billion of international reserves in the morning and US$ 2.015 billion in the afternoon. At the time, the auction also took place in cash mode.
On Monday (16), the monetary authority auctioned US$ 1.627 billion in cash and US$ 3 billion in line mode, when the BC sells money from external reserves with the commitment to repurchase it in a few months.
