Reuters: US Dollar Report: Brazil real jumps 1 pct at open

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Brazil real jumps 1 pct at open May 28th 2012, 12:12 RIO DE JANEIRO | Mon May 28, 2012 8:12am EDT RIO DE JANEIRO May 28 (Reuters) - The Brazilian real briefly jumped 1 percent at the open of Monday's trade on optimism that Greece's pro-bailout parties may be able to form a government committed to staying in the euro. At 9:06 a.m. (1206 GMT), the real gained 0.75 percent to 1.9788 per U.S. dollar, in its fourth consecutive session of gains. It closed below the level of 2 reais per dollar on Friday as the central bank stepped up its market intervention last week.

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