Brasília – After beginning the day in decline, the commercial dollar went up again and the Brazilian Central Bank (BC) announced a new auction sale of dollars in the future market. Around 10:50 AM, the dollar price reached R$ 4, after closing yesterday at R$ 3.99. Earlier, the dollar was sold at R$ 3.89.
With the price increasing, BC announced a second auction of foreign exchange swap contracts (sale of dollars in the future market). A rollover auction (renewing of foreign exchange swaps) and an auction of dollar-repurchase agreements were also held by the BC.
Yesterday, the currency was traded at R$ 4.248, the highest price of the day, around 10:30 AM. The price started to drop after BC’s president, Alexandre Tombini, did not rule out the possibility of selling dollars out of the international reserves in the spot market.
*Translated by Sérgio Kakitani
