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Brazil's central bank president said the country is ready to sell foreign exchange reserves to keep intervening in the currency market if needed. Any bond market intervention would be much smaller.
The real had lost about 30% of its value against the dollar this year.
FX intervention can slow the real's decline, which helps contain the local cost of dollar-priced feed and fertilizer imports. Limited bond buying means the central bank is not signaling a major shift in monetary support.
brecorder.com31 mei 2020Na 13 eerdere neerwaarts beleid-gebeurtenissen bewoog Braziliaanse real (BRL per USD) zich mediaan -3,4% over 5 sessies (15% hoger; middelste helft -3,4% tot -1,3%), en -1,9% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
The central bank's readiness to sell FX reserves and intervene supports the real by reducing disorderly depreciation risk and boosting dollar supply.
