Brazil central bank holds auction to buy dollars
Published November 21st, 2007
Brazil’s central bank said on Wednesday it would hold an auction to buy dollars on the spot foreign exchange market as part of an effort to boost internationa currencyl reserves.
The Brazilian real was 0.68 percent weaker at 1.779 per dollar shortly after the announcement.
The bank resumed buying dollars in early October after a two-month hiatus from the currency market
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