Brazil's Central Bank Says It May Partially Unwind Swaps Program
- International environment opens opportunity to reduce rollover
- Real best performer among major currencies this year
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Brazil’s central bank said it sees room to partially unwind a program aimed at boosting the real, prompting the currency to pare gains.
Policy makers see the international economic environment creating an opportunity to unwind part of its foreign exchange swaps program by reducing its daily rollovers, the central bank press office told reporters on Thursday by telephone.