Brazil Central Bank Offers to Sell $3 Billion as Real Weakens.

Brazil's central bank is taking action to support the weakening real currency amidst concerns about the country's debt sustainability. The bank plans to auction up to $3 billion on the spot market to stabilize the currency. Investors are selling Brazilian assets due to doubts about President Luiz Inacio Lula da Silva's ability to manage public accounts, leading to increased demand for US dollars. This situation has prompted the central bank to intervene regularly in the market, spending approximately $17 billion in spot sales so far. [Extracted from the article]