Reuters: US Dollar Report: Brazil's real gains modestly on Fed's stimulus program

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Brazil's real gains modestly on Fed's stimulus program Sep 13th 2012, 16:44 SAO PAULO, Sept 13 | Thu Sep 13, 2012 12:44pm EDT SAO PAULO, Sept 13 (Reuters) - The Brazilian real gained modestly on Thursday after the U.S. Federal Reserve launched another aggressive stimulus program that will likely increase dollar inflows into emerging countries such as Brazil. Gains were contained, however, by expectations that the Brazilian central bank could intervene in the currency market to stop the real from strengthening past the level of 2 per dollar. Minutes after the Fed's statement, the real gained 0.2 percent to 2.0215 per dollar. It was trading flat just before the announcement.

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