SAO PAULO Dec 27 Brazil's central bank said on
Thursday it will sell up to $2 billion on the spot market with a
repurchase agreement, continuing its recent strategy of
providing liquidity to the foreign exchange market and managing
the value of the currency.
The bank said in a statement it will conduct one auction on
Friday to sell U.S. dollars with a repurchase date set for
February 1, 2013. It set the cutoff rate for the auction at
2.05921 per dollar.
At 3:07 p.m. (1707 GMT) the real was trading
almost unchanged from Wednesday's close at 2.0505 per U.S.