Brazil central bank sells 51.7 pct of swaps offered at auction

by on November 23, 2012 2:13 pm BST

Fri Nov 23, 2012 9:13am EST

Nov 23 (Reuters) – Brazil’s central bank sold
about half of the currency swaps it offered in an auction on
Friday, curbing losses in the real.

The central bank said in a statement it sold 32,500 swaps
maturing on Dec. 3, 2012. It had offered 62,800 swaps.

The real erased losses shortly after the
auction was announced, to traded 0.29 percent stronger at 2.0917
per U.S. dollar.

Earlier in the session, the real fell 0.9 percent to hit
2.1168 per dollar, its weakest level in over 3 years.