Wellton Máximo       Reporter Agência Brasil

Brasília – In its strongest intervention of the year, almost twice the size of the last one on September 22 ($2.7 billion), the Brazilian Central Bank offered over 100,000 exchange rate swap contracts on Monday, October 3, which is the same thing as selling dollars. The swap auction was worth a total of $5.3 billion.

The amortization dates are November, this year (over 30,000 contracts), and January (over 22,000 contracts), April (almost 44,000 contracts) and July (over 10,000 contracts) of next year.

The dollar surged to R$1.92 at 3:30 pm when the Central Bank placed the swap contracts on the market. The dollar fell to R$1.892, an increase of 0.56%, compared to the close on Friday, September 30.

Allen Bennett – translator/editor The News in English

Link - Banco Central segura alta do dólar com a maior intervenção no mercado de câmbio desde o início da crise