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2 results for “casadão”
PROCurrencies• Aug 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.
Currencies• Jul 27
Brazil’s Central Bank Launches US$1 Billion ‘Casadão’ to Ease Dollar Rate Premium
The Central Bank of Brazil intervened in the FX market with a joint spot and swap operation to address tightness in dollar interest rate derivatives.