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Brazil central bank offers dollars on spot market

Tue Dec 23, 2008 11:21pm IST
 
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RIO DE JANEIRO, Dec 23 (Reuters) - Brazil's central bank said on Tuesday it offered an unspecified amount of dollars in an auction on the spot foreign exchange market.

Brazil's currency, the real (BRBY: Quote, Profile, Research), was trading 0.17 percent stronger at 2.389 per dollar shortly after the announcement.

Selling dollars from its international reserves is one of the several ways the central bank has sought to supply liquidity to financial markets in recent weeks. (Reporting by Fabio Gehrke; Writing by Elzio Barreto; Editing by Tom Hals)

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