Reuters: US Dollar Report: Brazil real strengthens 1 pct against dollar

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Brazil real strengthens 1 pct against dollar Jun 25th 2013, 12:20 SAO PAULO, June 25 | Tue Jun 25, 2013 8:20am EDT SAO PAULO, June 25 (Reuters) - The Brazilian real strengthened 1 percent against the U.S. dollar on Tuesday as investors awaited an auction of traditional currency swaps scheduled by the central bank for Tuesday morning. The bank said in a statement it will offer as many as 66,000 swaps, derivative contracts designed to support the real, at an auction scheduled for 10:30 a.m. local time (1330 GMT). At 9:15 a.m. (1215 GMT), the real strengthened 0.80 percent to 2.2088 per dollar after having risen more than 1 percent earlier in the session.

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