Brazil’s central bank to renew currency swaps expiring in November

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BRASILIA — Brazil’s central bank said Wednesday it will hold auctions starting Thursday to rollover more than $15.2 billion in traditional currency swaps maturing Nov. 1.

In a statement, the central bank said daily traditional swap auctions would be held for as long as needed for expiring stock to be fully replenished.

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The central bank generally seeks to provide currency hedging and maintain liquidity conditions in the market with its rollover policy. (Reporting by Marcela Ayres Editing by Chris Reese)