Reuters: US Dollar Report: Brazil central bank calls currency swap auction, currency gains

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 central bank calls currency swap auction, currency gains Dec 3rd 2012, 11:44 SAO PAULO | Mon Dec 3, 2012 6:44am EST SAO PAULO Dec 3 (Reuters) - Brazil's central bank offered to sell $2 billion in currency swaps on Monday, strengthening the country's currency, the real, from around the weakest levels in over 3-1/2 years. The auction will take place between 9:40 a.m. (1140 GMT) and 9:50 a.m. and its results will be announced at 10:00 a.m., the central bank said in a statement. All swap contracts offered expire on Jan. 2. Brazil's currency, the real, gained shortly after the announcement and was trading 0.72 percent stronger at 2.1147 reais per U.S. dollar. It slumped on Friday after weaker-than-expected economic growth data suggested the government would let the currency depreciate to prop up the economy.

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