Tuesday, June 11, 2013

Reuters: US Dollar Report: Brazil central bank holds 2nd traditional currency swap auction

Reuters: US Dollar Report
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Brazil central bank holds 2nd traditional currency swap auction
Jun 11th 2013, 14:27

SAO PAULO, June 11 | Tue Jun 11, 2013 10:27am EDT

SAO PAULO, June 11 (Reuters) - Brazil's central bank held a second traditional currency swap auction on Tuesday in an attempt to strengthen the real.

The central bank offered to sell as many as 40,000 currency swaps, maturing on Aug. 1 and Sept. 2.

The Brazilian currency pared losses shortly after the bank's announcement, trading 0.42 percent weaker at 2.1558 per U.S. dollar.

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