Search

1 result for “FX coupon

Brazil’s Central Bank Deploys ‘Casadão’ FX Operation to Target Carry Trade Mechanics, Not Spot Rate
PROCurrenciesAug 07

Brazil’s Central Bank Deploys ‘Casadão’ FX Operation to Target Carry Trade Mechanics, Not Spot Rate

The Banco Central do Brasil's simultaneous FX action aims to cut the FX coupon, favoring the lucrative carry trade in the Brazilian Real while increasing hedging costs.