Reuters: US Dollar Report: Brazil cenbank sells 11,300 currency swaps; real rises

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Brazil cenbank sells 11,300 currency swaps; real rises May 24th 2012, 15:40 RIO DE JANEIRO | Thu May 24, 2012 11:40am EDT RIO DE JANEIRO May 24 (Reuters) - Brazil's central bank on Thursday sold 11,300 of the 40,000 currency swap contracts it offered in an auction designed to support the real. The central bank sold 10,200 contracts maturing on July 2 and 1,100 contracts maturing on Aug. 1, it said in a statement. The real , which had erased losses immediately after the auction was announced, traded 0.2 percent stronger at 2.0355 per U.S. dollar.

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