Reuters: US Dollar Report: Brazil cenbank calls FX swap auction as real underperforms peers

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Brazil cenbank calls FX swap auction as real underperforms peers Aug 2nd 2013, 13:23 RIO DE JANEIRO | Fri Aug 2, 2013 9:23am EDT RIO DE JANEIRO Aug 2 (Reuters) - Brazil's central bank on Friday offered to sell as many as 40,000 traditional currency swaps as the real underperformed its peers even after disappointing U.S. jobs data boosted appetite for risk assets in emerging markets. The swaps, derivative contracts designed to support the real, expire on Nov. 1 and Dec. 2 and will be auctioned between 1330 and 1340 GMT, the central bank said in a statement. The real traded at 2.2998 per U.S. dollar after the swap announcement, little changed from Thursday's close. Other Latin American currencies such as the Mexican peso rallied nearly 1 percent.

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