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BC sells $830m at spot currency auction; dollar reverses earnings

The Central Bank sold US$830 million in a spot foreign currency auction on the exchange market this Wednesday (15th), making the US currency fully return the gains registered earlier in the session against the real.

This is the fourth time in five sessions that the Central Bank has intervened in the foreign exchange market, with an eye –according to some market participants– on a seasonal movement of outflow of resources from the country towards the end of the year.

The total injected in the spot currency markets with the operations of the last days reached 3.372 billion dollars with the auction this Thursday.

At 1:13 pm (Eastern time), shortly after the auction took place, the dollar in cash retreated 0.34%, to 5.6876 reais on sale, after having reached 5.7259 reais at the maximum of the day, high of 0.33%.

On B3, at 1:13 pm (Eastern time), the dollar futures contract with the first maturity increased 0.07%, to 5.7050 reais.

Reference: CNN Brasil

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