# Central Bank expected to curb FX swaps, credit line amid steep inflows

> Brazil's central bank is expected to let about $1.25 billion in FX swap contracts mature at month-end and possibly curb its dollar credit lines, amid strong foreign inflows. Traders cite a weakening global dollar and the bank's favorable window to act.

- Date: 2026-02-23 · published 2026-02-23T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/20792-central-bank-expected-to-curb-fx-swaps-credit-line-amid-steep-inflows
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Reduced central bank dollar supply would be a modest support for the real, which affects the competitiveness of Brazilian soybean and corn exports priced in dollars.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-10-13 | [Brazil central bank sells $1 bln in surprise FX swap auction](https://feedsoft.ai/events/44784-brazil-central-bank-sells-1-bln-in-surprise-fx-swap-auction.md) | +0.4% | -0.5% |
| USDBRL | 2020-03-09 | [Brazil central bank to continue FX intervention as long as it takes to calm market \| Financial Post](https://feedsoft.ai/events/6408-brazil-central-bank-to-continue-fx-intervention-as-long-as-it-takes-to-calm.md) | +2.7% | +14.6% |
| USDBRL | 2019-08-27 | [Brazil central bank to continue FX intervention on Wednesday as real nears record low - The Business Times](https://feedsoft.ai/events/57788-brazil-central-bank-to-continue-fx-intervention-on-wednesday-as-real-nears.md) | +0.5% | +0.5% |
| USDBRL | 2020-03-19 | [The Fed is extending its currency exchange program to more central banks around the world](https://feedsoft.ai/events/54307-the-fed-is-extending-its-currency-exchange-program-to-more-central-banks-around.md) | -1.1% | +2.8% |
| USDBRL | 2024-09-19 | [Brazil’s Central Bank resumes tightening as Fed moves toward easing](https://feedsoft.ai/events/28521-brazil-s-central-bank-resumes-tightening-as-fed-moves-toward-easing.md) | -0.0% | +3.5% |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/markets/news/2026/02/23/central-bank-expected-to-curb-fx-swaps-credit-line-amid-steep-inflows.ghtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.