Bloomberg News

Brazilian Real Rises as Central Bank Announces Currency Swaps

May 25, 2012

Brazil’s real advanced for a third straight day, appreciating 0.5 percent to 2.0199 per dollar at 9:56 a.m. in Sao Paulo. The central bank will offer as many as 40,000 currency swap contracts at auction today, it said in a statement.

To contact the reporter on this story: Dennis Fitzgerald in New York at dfitzgerald5@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus