Reuters: US Dollar Report: Brazil's real erases gains after Draghi's comments

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Brazil's real erases gains after Draghi's comments Aug 2nd 2012, 12:59 RIO DE JANEIRO | Thu Aug 2, 2012 8:59am EDT RIO DE JANEIRO Aug 2 (Reuters) - The Brazilian real erased its gains on Thursday after European Central Bank President Mario Draghi said the bank may undertake outright open market operations to stabilize borrowing costs of peripheral European countries, but would take a few weeks to design such measures. The real last traded at 2.0441 per dollar, little changed from Wednesday's close, after gaining about half a percentage point earlier.

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