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Brazil central bank surveys demand for reverse swap auction

SAO PAULO, Sept 11 | Tue Sep 11, 2012 11:33am EDT

SAO PAULO, Sept 11 (Reuters) - Brazil's central bank is conducting a survey to assess market demand for an auction of reverse currency swap contracts, which are equivalent to a purchase of dollars in futures markets, the bank told Reuters on Tuesday.

At 12:29 local time (1529 GMT), Brazil's currency, the real , erased early gains to trade 0.06 percent weaker at 2.0226 per U.S. dollar.
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