BCB sells 10k reverse FX swap contracts at auction

The BCB's sale of 10k reverse FX swap contracts indicates a proactive approach to managing liquidity and currency stability, typically in response to foreign exchange pressures.

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Iran Foreign minister spokesperson says Iran is reviewing US proposal and will convey its views to Pakistan, via ISNA

USTR's Greer says EU has had a lot of time to comply with tariff commitments, via Bloomberg TV, on China, US looking for stability with China

BCB sells 10k reverse FX swap contracts at auction

Quarterly Refunding: Announces USD 125bln refunding through July 2026 (prev. USD 125bln in Q1), to raise new cash of USD 41.7bln (prev. USD 34.8bln in Q1)

Pakistani sources told Al-Hadath that the "two sides are closer to beginning a negotiation process that could take months"

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Context

This action might reflect concerns over currency volatility or a desire to adjust the balance of forex reserves, potentially impacting the local currency's strength and influencing cross-asset dynamics in both forex and fixed income markets.

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