Brazil central bank to sell dollars, real erases losses

RIO DE JANEIRO Tue Dec 11, 2012 1:51pm EST

RIO DE JANEIRO Dec 11 (Reuters) - Brazil's central bank said on Tuesday it will sell as much as $1.5 billion on the spot market with repurchase agreements, causing the real to erase all of its losses.

The bank will conduct two auctions on Wednesday to sell dollars with repurchase dates set to Jan. 14 and Feb. 14.

The real , which was falling around 0.2 percent before the central bank announcement, last traded at 2.0762 per dollar, practically unchanged from Monday's close.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article