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Brazil real gains on cenbank intervention
December 26, 2012 / 12:50 PM / in 5 years

Brazil real gains on cenbank intervention

SAO PAULO, Dec 26 (Reuters) - The Brazilian real gained 1 percent on Wednesday after the central bank intervened twice in the currency market, first conducting an auction to sell U.S. dollars with repurchase agreements and then calling a currency swap auction.

At 10:46 a.m. (1246 GMT), the real traded 1 percent stronger than Monday’s close at 2.0575 per dollar.

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