Reuters: US Dollar Report: Brazil central bank to sell up to $2 bln on Dec. 26

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Brazil central bank to sell up to $2 bln on Dec. 26 Dec 21st 2012, 19:33 SAO PAULO | Fri Dec 21, 2012 2:33pm EST SAO PAULO Dec 21 (Reuters) - Brazil's central bank said on Friday it will sell up to $2 billion on the spot market on Dec. 26 with a repurchase agreement, a strategy designed to provide liquidity to the foreign exchange market. The bank said in a statement it will conduct one auction to sell U.S. dollars with a repurchase date set for March 1, 2013. Brazil's currency, the real, had already closed 0.5 percent weaker at 2.073 per U.S. dollar on the spot market.

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