Friday, May 25, 2012

Reuters: US Dollar Report: Brazil real gains on cenbank action, crosses 2/dlr

Reuters: US Dollar Report
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Brazil real gains on cenbank action, crosses 2/dlr
May 25th 2012, 14:49

RIO DE JANEIRO | Fri May 25, 2012 10:49am EDT

RIO DE JANEIRO May 25 (Reuters) - The Brazilian real strengthened on Friday after the central bank stepped up its market intervention, trading below the level of 2 per U.S. dollar for the first time since May 14.

At 11:43 a.m. (1443 GMT), the real gained 1.45 percent to 1.9992 per dollar.

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