Reuters: US Dollar Report: Brazil's Tombini says won't change FX intervention program

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Brazil's Tombini says won't change FX intervention program Sep 23rd 2013, 15:27 BRASILIA, Sept 23 | Mon Sep 23, 2013 11:27am EDT BRASILIA, Sept 23 (Reuters) - Brazil's central bank chief Alexandre Tombini said on Monday he will not change a $60 billion program of daily currency intervention even as the real is supported by a U.S. Federal Reserve decision to keep its monetary stimulus intact for now. Brazil's intervention program, which provides dollar liquidity through the sale of currency swaps and repos, is "adequate" and has been successful in reducing volatility in the foreign exchange market, Tombini told reporters on a phone conference.

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