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realRIO DE JANEIRO: The Brazilian real weakened about half a percentage point on Monday after the central bank intervened in the market, signaling it does not want the currency to gain past the level of 1.95 per US dollar.

The bank said it was selling up to 30,000 reverse currency swaps, derivative contracts designed to weaken the real, which had been trading slightly below 1.95 per dollar since Friday.

The real last traded at 1.9563 per dollar, 0.5 percent weaker than Friday's close.

Copyright Reuters, 2013


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln