Wednesday, December 19, 2012

Reuters: US Dollar Report: Brazil real gains as central bank sells dollars

Reuters: US Dollar Report
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Brazil real gains as central bank sells dollars
Dec 19th 2012, 11:40

RIO DE JANEIRO | Wed Dec 19, 2012 6:40am EST

RIO DE JANEIRO Dec 19 (Reuters) - The Brazilian real gained nearly half a percentage point early on Wednesday as the central bank conducted an auctions to sell as much as $2 billion on the spot market with repurchase agreement.

The operation, which aims at providing liquidity to the foreign exchange market at year-end, was announced late on Tuesday.

The real last traded at 2.0785 per dollar, 0.46 percent stronger than Tuesday's close.

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