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2 results for “dollar auction”

Brazilian Real Falls as Pre-Election Welfare Boost Spurs Fiscal Anxiety
PROCurrencies• Sep 18

Brazilian Real Falls as Pre-Election Welfare Boost Spurs Fiscal Anxiety

Brazil's Central Bank launched an emergency $1 billion dollar auction to stabilize the real after an unexpected 15% increase to the Bolsa Família social program raised investor fears over the country's fiscal stability just weeks before a critical presidential election.

Brazil Central Bank Rolls Over $1 Billion in FX Debt to Curb Exchange Rate Volatility
Currencies• Aug 17

Brazil Central Bank Rolls Over $1 Billion in FX Debt to Curb Exchange Rate Volatility

Brazil's Central Bank sold $1 billion in a line auction with a repurchase agreement to manage the rollover of short-term contracts and provide dollar liquidity.