# Central Bank likely to continue FX repo lines auctions until swap stock shrinks

> Brazil's Central Bank is expected to keep rolling over FX repo lines and shortening swap maturities while its currency swap stock stays above $100 billion. Analysts say the swap rollovers are pushing up the dollar onshore rate curve.

- Date: 2025-04-30 · published 2025-04-30T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/25314-central-bank-likely-to-continue-fx-repo-lines-auctions-until-swap-stock-shrinks
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Central Bank FX intervention and dollar funding costs shape the real's level, which affects the price competitiveness of Brazilian feed commodity exports.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2021-03-12 | [FX Daily: Brazilian central bank’s line in the sand \| ING THINK](https://feedsoft.ai/events/48310-fx-daily-brazilian-central-bank-s-line-in-the-sand-ing-think.md) | -0.3% | +0.4% |
| USDBRL | 2022-09-26 | [Brazil makes first FX intervention of the year - Central Banking](https://feedsoft.ai/events/39790-brazil-makes-first-fx-intervention-of-the-year-central-banking.md) | +3.1% | +0.8% |
| USDBRL | 2018-06-08 | [Brazil Central Bank unveils $20 billion to curb dollar \| Agência Brasil](https://feedsoft.ai/events/5380-brazil-central-bank-unveils-20-billion-to-curb-dollar-agencia-brasil.md) | -5.8% | -0.6% |
| USDBRL | 2024-09-05 | [Brazil's central bank sees stronger growth, higher FX since latest policy meeting \| Reuters](https://feedsoft.ai/events/28519-brazil-s-central-bank-sees-stronger-growth-higher-fx-since-latest-policy.md) | +0.1% | -3.6% |
| USDBRL | 2025-02-03 | [Trump's tariffs raise fears Brazil's central bank is out of step on inflation](https://feedsoft.ai/events/26256-trump-s-tariffs-raise-fears-brazil-s-central-bank-is-out-of-step-on-inflation.md) | -0.9% | +0.8% |

## Sources

- valorinternational.globo.com: https://valorinternational.globo.com/markets/news/2025/04/30/central-bank-likely-to-continue-fx-auctions-until-swap-stock-shrinks.ghtml

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