Brazil Central Bk Buys Dlrs For BRL1.7420 At Spot Mkt Auction
RIO DE JANEIRO (Dow Jones)--Brazil's Central Bank bought U.S. dollars on the spot market at a snap auction Friday for BRL1.7420 per dollar, the bank said.
The bank did not reveal the volume of dollars bought.
Shortly before the auction the real was trading at BRL1.7410 and remained at that level immediately after the auction.
The real opened at BRL1.7300 per dollar Friday, a tad stronger than Thursday's close at BRL1.7301.
The central bank has been buying dollars at spot-market auctions in recent months to curb the appreciation of the Brazilian currency.
-By John Kolodziejski, Dow Jones Newswires; 55-21-2586-6086; john.kolodziejski@dowjones.com
RIO DE JANEIRO (Dow Jones)--Brazil's Central Bank bought U.S. dollars on the spot market at a snap auction Friday for BRL1.7420 per dollar, the bank said.
The bank did not reveal the volume of dollars bought.
Shortly before the auction the real was trading at BRL1.7410 and remained at that level immediately after the auction.
The real opened at BRL1.7300 per dollar Friday, a tad stronger than Thursday's close at BRL1.7301.
The central bank has been buying dollars at spot-market auctions in recent months to curb the appreciation of the Brazilian currency.
-By John Kolodziejski, Dow Jones Newswires; 55-21-2586-6086; john.kolodziejski@dowjones.com
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