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Brazil offers to buy dollars in spot forex market

Wed May 13, 2009 11:40pm IST
 
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SAO PAULO, May 13 (Reuters) - Brazil's central bank offered to buy dollars in the spot foreign exchange market on Wednesday, seeking to soak up a flood of greenbacks flowing into the country for a fourth straight session.

The real (BRBY: Quote, Profile, Research) was trading 2.1 percent weaker at 2.112 per U.S. dollar shortly after the central bank announcement.

On Friday the bank bought dollars for the first time in eight months as the real gained close to the psychologically key mark of 2-per-dollar.

(Reporting by Jenifer Correa, Writing by Elzio Barreto)

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