Reuters: US Dollar Report: Brazil real jumps 1 pct after cenbank intervention

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Brazil real jumps 1 pct after cenbank intervention May 25th 2012, 14:13 RIO DE JANEIRO | Fri May 25, 2012 10:13am EDT RIO DE JANEIRO May 25 (Reuters) - The Brazilian real jumped 1 percent on Friday after the central bank stepped up its market intervention, offering to sell currency swaps even as the currency had been trading stable against the dollar. At 11:10 a.m. (1410 GMT), the real was up 1.02 percent to a bid price of 2.0080 per U.S. dollar, in its third consecutive session of gains.

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