September 17, 2012 / 12:36 PM / 5 years ago

Brazil's central bank calls swap auction to curb FX gains

SAO PAULO, Sept 17 (Reuters) - Brazil’s central bank offered to sell $3.5 billion in reverse currency swaps on Monday, as part of its efforts to curb currency gains following last week’s announcement of a third round of monetary stimulus in the United States.

Brazil’s currency, the real, was trading 0.60 percent weaker at 2.0225 per U.S. dollar shortly after the announcement.

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