# Brazil Central Bank unveils $20 billion to curb dollar | Agência Brasil

> Brazil's central bank president announced up to $20 billion of extra foreign-exchange swap auctions to curb the dollar's rise. The real had closed down 2.3% that day, its weakest level since March 2016. The central bank blamed the depreciation on tighter external conditions as US rate increases pull capital from emerging markets.

- Date: 2018-06-08 · published 2018-06-08T12:00:00.000Z
- Category: macro · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/5380-brazil-central-bank-unveils-20-billion-to-curb-dollar-agencia-brasil
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Large swap intervention is aimed at limiting real weakness, which would otherwise make Brazilian soy and corn cheaper for export. The outcome for the real will determine how aggressively Brazilian exporters sell into global markets.

## Read by commodity

- USDBRL: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2018-06-14 | 5 | -5.8% | -3.9 | Real closed down 2.3% to its weakest since March 2016, prompting a $20B swap program; confirms external capital outflow pressure from US rate hikes. |
| USDBRL | 2018-06-08 | 1 | -4.7% | -6.6 | The real closed down 2.3% to its weakest since 2016 and the central bank announced a $20bn swap program, reflecting severe dollar demand and tighter external conditions. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-03-23 | [Brazil’s Central Bank maintains basic interest rate at 13.75% a year \| Agência Brasil](https://feedsoft.ai/events/37069-brazil-s-central-bank-maintains-basic-interest-rate-at-13-75-a-year-agencia.md) | -2.3% | -4.0% |
| 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 | 2025-04-28 | [Brazil's central bank chief stresses data-driven approach to tightening cycle](https://feedsoft.ai/events/25315-brazil-s-central-bank-chief-stresses-data-driven-approach-to-tightening-cycle.md) | -0.6% | +0.1% |
| USDBRL | 2025-06-30 | [Brazilian economists expect central bank to cut rates in early 2026 despite hawkish signals](https://feedsoft.ai/events/24422-brazilian-economists-expect-central-bank-to-cut-rates-in-early-2026-despite.md) | -0.3% | +2.1% |
| 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% |

## Sources

- agenciabrasil.ebc.com.br: https://agenciabrasil.ebc.com.br/en/economia/noticia/2018-06/brazil-central-bank-unveils-20-billion-curb-dollar

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