All
 

 

Just in:  

You are here: Home»Markets»FXMM»Americas»Brazil real weakens as central bank announces swap auction

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


 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln