Brazil's Central Bank Increases Currency Interventions as Real Strengthens
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 56 minutes ago
0mins
Source: Bloomberg
Brazilian Central Bank's Action: The Brazilian Central Bank has purchased dollars in the futures market for the first time in a decade.
Objective of the Purchase: This move aims to take advantage of the real's rally to reduce the stock of derivatives used to prevent excessive currency fluctuations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
