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Brazil sells currency swaps to boost real

Posted on 02 August 2013

Brazil’s central bank sold 30,000 currency swaps to alleviate a critical dollar shortage that has driven the real to four-year lows in recent sessions.
The real has been the worst-performing emerging market currency, falling 12.4 per cent against the dollar this year, and the US currency on Wednesday briefly jumped above R$2.30 for the first time since May 2009…………………………………..Full Article: Source


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