(Bloomberg) -- Brazil's currency fell on speculation
the central bank may sell reverse currency swaps in addition to
its daily dollar purchases to slow a rally that has added more
than 3 percent to the currency this week.
``There' still some doubt about how strongly the bank will
act now that the real is trading beyond the 2-per-dollar
level,'' said Hideaki Iha, a currency trader at Fair Corretora
de Cambio in Sao Paulo.
Read more at Bloomberg Currencies News
the central bank may sell reverse currency swaps in addition to
its daily dollar purchases to slow a rally that has added more
than 3 percent to the currency this week.
``There' still some doubt about how strongly the bank will
act now that the real is trading beyond the 2-per-dollar
level,'' said Hideaki Iha, a currency trader at Fair Corretora
de Cambio in Sao Paulo.
Read more at Bloomberg Currencies News
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