The Central Bank conducted its first dollar purchase in the futures market in a decade, buying US$ 500 million via reverse swap. The operation occurred while the real accumulated an 11% gain this year and the dollar fell to levels near R$ 4.90.
The Central Bank uses currency swaps as a tool to control exchange rate volatility, selling these derivatives when it wants to contain dollar appreciation. The last time the monetary authority had purchased dollars in the futures market was in 2016, during Ilan Goldfajn's tenure, a strategy that was interrupted after Trump's first election.
The Central Bank conducted a reverse swap auction equivalent to purchasing US$ 500 million in dollar futures
The Central Bank's current swap stock is US$ 95.75 billion
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (1)
Factors such as high interest rates, inflation concerns from the Iran war, and Treasury fundraising contribute to the real's strength
No gaps declared — all sources converge on the material facts.