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Brazil's cenbank announces $1 billion spot auction, reverse FX swap deal for Thursday

ReutersMar 18, 2026 9:55 PM

SAO PAULO, March 18 (Reuters) - The Brazilian central bank will hold a spot dollar auction of up to $1 billion on March 19, and a simultaneous reverse foreign exchange (FX) swap auction, it said in separate statements on Wednesday.

Both deals start at 9:30 local time, the central bank said.

A reverse FX swap, which in this case involves up to 20,000 contracts, is equivalent to buying U.S. dollars in the futures market.

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