Central Bank intervenes twice to stabilize the dollar.
Two traditional currency swap transactions were carried out, which is equivalent to selling dollars in the futures market.
247- The Central Bank (BC) carried out two traditional currency swap operations this Tuesday (22), which is equivalent to selling dollars in the futures market. In the first auction, US$ 1,509 billion were sold and, in the second, US$ 677,7 million.
In the first auction, 49,4 contracts were offered and 30,3 were accepted. In the second operation, 19,1 contracts were offered and 13,6 were accepted. Last Friday (18), the BC also carried out an operation like this, which cancels reverse currency swap contracts, which are equivalent to buying dollars in the futures market.
The monetary authority's action comes at a time when the dollar is rising. Yesterday, the commercial dollar closed the day at R$ 2,04 for sale, the highest level since May 2009, when it closed at R$ 2,07. The appreciation of the US currency was 1,38% compared to the exchange rate last Friday (18).
Yesterday, the president of the Central Bank, Alexandre Tombini, said that the appreciation of the dollar in recent weeks is occurring worldwide and that the depreciation of the real, which fell 2,2% between January and April, is in line with other world currencies. "What is happening today is a process due to the international situation, the appreciation of the US dollar against the vast majority of currencies," said Tombini.