24 de marzo de 2015 / 23:39 / en 3 años

Brazil's central bank says will not extend forex intervention program

RIO DE JANEIRO, March 24 (Reuters) - Brazil’s central bank announced on Tuesday it will not extend its currency intervention program past March 31, but will rollover all swaps expiring after May 1.

A combination of political problems at home and fears of higher U.S. interest rates has caused the real to hover near its lowest levels in a decade.

The program has provided investors with a daily supply of currency swaps, derivatives that offer protection against currency losses, since August 2013.

The bank has recently been offering $100 million worth of currency swaps in daily auctions Mondays through Fridays. (Reporting by Stephen Eisenhammer; Editing by Ken Wills)

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