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Brazil's central bank calls auction to buy dollars

Fri Jul 3, 2009 2:08pm EDT

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SAO PAULO, July 3 (Reuters) - Brazil's central bank offered to buy U.S. dollars on the spot foreign exchange market on Friday, seeking to soak up a flood of greenbacks pouring into the country.

Currencies  |  Bonds  |  Global Markets  |  Brazil

Brazil's currency, the real (BRBY), was trading 0.05 percent stronger at 1.951 per U.S. dollar shortly just before the bank's announcement.

The bank has bought dollars every session since May 8. On Wednesday it said it had bought $1.69 billion on the spot market last month through June 26. (Reporting by Jose de Castro; Writing by Peter Murphy)

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