Do More With Reuters
Partner Services

Brazil's central bank calls auction to buy dollars

Thu Jun 18, 2009 11:43pm IST
 
Email | Print | | Single Page
[-] Text [+]

SAO PAULO, June 18 (Reuters) - Brazil's central bank offered to buy U.S. dollars on the spot foreign exchange market on Thursday, seeking to soak up a flood of greenbacks flowing into the country.

Brazil's currency, the real (BRBY: Quote, Profile, Research), was trading 0.6 percent weaker at 1.974 per U.S. dollar shortly after the central bank's announcement.

The bank has bought dollars every session since May 8, making almost $4.1 billion in purchases in the past month in the spot market. (Reporting by Jose de Castro; Writing by Elzio Barreto; Editing by Jan Paschal )

A supporter of Bharatiya Janata Party (BJP) holds a picture of BJP leader Lal Krishna Advani during an election campaign rally in Balasinor, about 90 km (56 miles) east of Ahmedabad, April 14, 2009. REUTERS/Amit Dave
Liberhan Commission Report

The government published a long awaited report, recently leaked, accusing BJP leaders of a role in the 1992 destruction of the Babri mosque in Ayodhya.  Full Article 

Thierry Henry's handball scandal

Barcelona's Thierry Henry takes part in a training session at Nou Camp Stadium in Barcelona, November 23, 2009. Barcelona and Inter Milan will play their soccer Champions League match on Tuesday. REUTERS/Albert Gea
FIFA to hold meeting

FIFA to hold an extraordinary meeting before World Cup draw to discuss Thierry Henry's handball in the qualifiers and discovery of match-fixing ring by German police.  Full Article