Friday, June 29, 2012

Reuters: US Dollar Report: Brazil real soars 3 pct on cenbank moves, euro zone

Reuters: US Dollar Report
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Brazil real soars 3 pct on cenbank moves, euro zone
Jun 29th 2012, 14:03

RIO DE JANEIRO, June 29 | Fri Jun 29, 2012 10:03am EDT

RIO DE JANEIRO, June 29 (Reuters) - The Brazilian real jumped 3 percent on Friday after the central bank lifted some restrictions on dollar inflows and further intervened in the market, adding to the positive surprise with the euro zone's measures to support its banks.

The real had already risen about 2 percent early in the session, but added to gains after the central bank said it sold all the 60,000 currency swaps it offered in an auction.

At 10:00 p.m. (1300 GMT), the real gained 3 percent to 2.0145 per U.S. dollar.

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