
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.
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.
Setelah 92 peristiwa makro netral sebelumnya, Real Brasil (BRL per USD) bergerak median +0,4% selama 5 sesi (58% lebih tinggi; separuh tengah -0,7% sampai +1,4%), dan +0,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
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.
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.