Reuters: US Dollar Report: UPDATE 1-Brazil real little changed as central bank sells dollars

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UPDATE 1-Brazil real little changed as central bank sells dollars Dec 18th 2012, 12:47 Tue Dec 18, 2012 7:47am EST RIO DE JANEIRO Dec 18 (Reuters) - The Brazilian real was little changed early on Tuesday as the central bank conducted three auctions to sell as much as $1.5 billion on the spot market with repurchase agreement. The auctions, which aim at providing liquidity to the foreign exchange market at year-end, were announced on Monday. The central bank set a cutoff rates of 2.1083 and 2.1163 per dollar in the first two auctions, with repurchase dates for Jan. 22 and Feb. 19. That is the highest price the central bank will pay investors when buying back the dollars it is selling now. The real last traded at 2.0951 per dollar, practically unchanged from Monday's close. The central bank has said it stands ready to provide as much dollars to the market as needed at the end of the year, when demand for greenbacks can grow as Brazilians vacation abroad and foreign companies remit profits abroad to boost their bottom lines.

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