December 20, 2012 / 11:16 AM / 5 years ago

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

SAO PAULO, Dec 20 (Reuters) - The Brazilian real gained early on Thursday as the central bank conducted an auction to sell up to $2 billion on the spot market with repurchase agreement.

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

The real last traded at 2.0605 per dollar, 0.42 percent stronger than Wednesday’s close.

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