December 27, 2012 / 11:51 AM / 5 years ago

Brazil real gains as central bank sells U.S. dollars

SAO PAULO, Dec 27 (Reuters) - The Brazilian real gained early Thursday as the central bank conducted an auction to sell up to US$2 billion on the spot market with repurchase agreements.

The operation, which aims at providing liquidity to the foreign exchange market at year-end, was announced late Wednesday.

A repurchase date is set for Feb. 1, 2013 with a cutoff rate of 2.06831 reais per dollar, the bank said on Thursday.

At 9:39 a.m. (1139 GMT), the real traded at 2.0421 per dollar, 0.37 percent stronger than Wednesday's close.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below