Markets

Brazil central bank assessing demand for dollars

Published December 7, 2012 Updated December 7, 2012 09:09pm

 

A central bank spokesman said the bank is in contact with banks to gauge demand for traditional currency swaps -- derivatives that emulate the sale of dollars in the future market -- and for dollar sales with repurchase agreement.

 

The announcement came after the real  interrupted a string of four winning sessions to close about half a percentage point weaker on Friday, at 2.0904 per dollar.

 

Copyright Reuters, 2012