Brazil central financial institution to roll over forex swaps expiring in January By Reuters

(Reuters) – Brazil’s central financial institution stated on Friday it might maintain auctions beginning on Monday to roll over $15.5 billion in conventional forex swaps maturing on Jan. 2.

The central financial institution stated in a press release that every day conventional swap auctions can be held so long as mandatory for the expiring inventory to be absolutely renewed.

The central financial institution normally seeks to supply forex hedging and preserve liquidity situations to the market with its rolling coverage.