Reuters: US Dollar Report: Brazil central bank assessing demand for dollars

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Brazil central bank assessing demand for dollars Dec 7th 2012, 19:42 SAO PAULO | Fri Dec 7, 2012 2:42pm EST SAO PAULO Dec 7 (Reuters) - Brazil's central bank said on Friday it was conducting a survey to gauge demand for dollars in the foreign exchange market, in a sign policymakers will not allow the real to weaken much further. A central bank spokesman said the bank is in contact with banks to gauge demand for traditional currency swaps -- derivatives that emulate the sale of dollars in the future market -- and for dollar sales with repurchase agreement. The announcement came after the real interrupted a string of four winning sessions to close about half a percentage point weaker on Friday, at 2.0904 per dollar.

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