Sun, Feb 1, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

Brazil’s currency intervention: feeding speculation?

Posted on 29 August 2013

Brazil’s decision to offer up to $40 billion in currency swaps by year-end has been widely praised as a smart way to stabilize its foreign exchange market. The bold move announced last week, which doubles the amount of outstanding currency swaps in Brazil, has put a lid on the real’s sharp depreciation without burning a single dollar of the country’s foreign reserves.
It also targeted the source of market stress directly: the need for corporate insurance as companies rushed to futures markets to hedge their dollar-denominated debt………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39041 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
February 2015
S M T W T F S
« Jan    
1234567
891011121314
15161718192021
22232425262728