Reuters: US Dollar Report: Brazil central bank sells 35,100 currency swaps at auction

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 central bank sells 35,100 currency swaps at auction Aug 2nd 2013, 13:59 RIO DE JANEIRO | Fri Aug 2, 2013 9:59am EDT RIO DE JANEIRO Aug 2 (Reuters) - Brazil's central bank on Friday sold 35,100 of the 40,000 traditional currency swaps offered at auction, but the move had little impact on the real's exchange rate. The central bank said in a statement it sold 13,100 swaps maturing on Nov. 1 and 22,000 contracts expiring on Dec. 2. Traditional currency swaps are derivative contracts that provide investors with protection against a possible depreciation of the real. Still, the Brazilian currency remained little changed at 2.2999 per U.S. dollar after the auction, underperforming peer emerging market currencies.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions