Thursday, October 28

Brazil central bank announces next dollar auction of up to $1 bln on Friday


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SAO PAULO — Brazil’s central bank said on Thursday it will offer a currency swap auction of up to $1 billion on Friday, its third consecutive daily sale, as it seeks to prop up the beleaguered real currency.

The real is down by around a third against the US dollar this year, with investors spooked by political risks, a fragile economic recovery and the prospect for rising interest rates in more wealthy economies. (Reporting by José de Castro; Editing by Sandra Maler)



financialpost.com

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