For the first time since August, the Central Bank (BC) sold dollars from international reserves, without buying the money back, to hold back the rise of the US currency. The monetary authority auctioned US$845 million this Friday afternoon (13) to bring down the price.
The cash auction took place just before 3pm. The last sale of dollars of this type took place on August 30, when the monetary authority sold US$1.5 billion. Currently, the BC has US$363.6 billion in international reserves.
On Thursday (12), the BC had auctioned US$4 billion of international reserves. However, it had sold the money through a line auction, with the commitment to buy back part of it in February and another part in April and reincorporate the resources into external reserves.
After this Friday’s intervention, the price slowed down and fell to R$6.02. Before the operation, the commercial dollar was being sold at R$6.07.
This Friday, the North American currency opened falling, selling for R$5.99 in the first minutes of trading. However, the dollar reversed its movement during the morning, starting to operate higher.
