Brazil's cenbank intervenes in FX markets

Brazil's central bank intervened in the foreign exchange markets today [21 November], saying that it does not want the real to strengthen too much against the dollar as it could be detrimental to Brazil's trade balance. The real strengthened to a one-month intraday high of BRR1.896/dollar. This was the third time this year that the central bank has intervened.

Monetary policy director Luiz Fernando Figueiredo said that the central bank is prepared to use up to $3bn of its reserves over the next

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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