Reuters: US Dollar Report: Brazil's c.bank offers swap contracts to curb currency losses

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Brazil's c.bank offers swap contracts to curb currency losses Jun 18th 2013, 12:46 SAO PAULO, June 18 | Tue Jun 18, 2013 8:46am EDT SAO PAULO, June 18 (Reuters) - Brazil's central bank on Tuesday offered to sell as many as 30,000 traditional currency swaps, derivative contracts designed to strengthen the real. The Brazilian currency trimmed some of its losses after the announcement. It last traded at 2.1759 per U.S. dollar, 0.53 percent weaker for the day.

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