Friday, June 8, 2012

Reuters: US Dollar Report: Brazil cenbank sells 20,400 FX swaps; real flat

Reuters: US Dollar Report
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Brazil cenbank sells 20,400 FX swaps; real flat
Jun 8th 2012, 16:10

RIO DE JANEIRO, June 8 | Fri Jun 8, 2012 12:10pm EDT

RIO DE JANEIRO, June 8 (Reuters) - Brazil's central bank on Friday sold 20,400 of the 30,000 currency swap contracts it offered in an auction designed to boost the real.

The central bank sold 11,200 contracts maturing on July 2 and 9,200 contracts maturing on Aug. 1, it said in a statement.

The real trimmed early losses as soon as the auction was announced. It traded at 2.0275 per dollar after the results, little changed from its previous close.

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