After the dollar closed at R$6.26, the highest nominal exchange rate in history, the Central Bank (BC) announced yet another intervention in the exchange rate to support the currency. The monetary authority auctioned US$3 billion of its international reserves on Thursday (19), with no commitment to repurchase the funds later.

According to a statement issued by the Central Bank on Wednesday night (18), the monetary authority will hold the auction between 9:15 and 9:20 am, shortly after the market opens. On Wednesday, when it did not interfere in the exchange rate, the dollar rose 2.82%, influenced by the delay in the vote on the fiscal package and the indication by the Federal Reserve (Fed, the US Central Bank) that it may make fewer interest rate cuts in the United States in 2025.

With the new auction, the Central Bank will have injected around US$ 15 billion into the foreign exchange market in December alone. On Tuesday (17), the Central Bank sold US$ 1.272 billion of its international reserves in the morning and US$ 2.015 billion in the afternoon. On that occasion, the auction also took place in the spot mode.

On Monday (16), the monetary authority auctioned US$ 1.627 billion in cash and US$ 3 billion in the line modality, when the BC sells the money from external reserves with the commitment to repurchase it in a few months.

Source: Agência Brasil