Wednesday, September 12, 2012

Reuters: US Dollar Report: Brazil's central bank calls FX swap auction

Reuters: US Dollar Report
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Brazil's central bank calls FX swap auction
Sep 12th 2012, 13:19

SAO PAULO, Sept 12 | Wed Sep 12, 2012 9:19am EDT

SAO PAULO, Sept 12 (Reuters) - Brazil's central bank offered to sell $1.8 billion in reverse currency swaps on Wednesday as part of efforts to curb currency gains and boost the competitiveness of the country's industry.

Brazil's currency, the real, was trading 0.16 percent weaker at 2.0206 reais per U.S. dollar shortly after the announcement.

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