Reuters: US Dollar Report: Brazil real weakens 1 pct in 5th session of losses

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Brazil real weakens 1 pct in 5th session of losses Aug 28th 2012, 16:12 RIO DE JANEIRO, July 26 | Tue Aug 28, 2012 12:12pm EDT RIO DE JANEIRO, July 26 (Reuters) - The Brazilian real weakened 1 percent on Tuesday on bets the central bank will let expire in the next few days some $4.5 billion in currency swaps that were originally sold to support the currency. Expectations that the central bank would signal further cuts in its benchmark interest rate at the end of a monetary policy meeting on Wednesday also weighed on the real. At 1 p.m. (1600 GMT), the real weakened 0.96 percent to 2.0500 per U.S. dollar. It was its fifth consecutive session of losses.

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