25.06.2014 - Brazilian Real’s Volatility Falls to Year Low Amid Intervention
Brazil’s currency volatility dropped to a one-year low amid speculation the central bank will sustain the pace of its program to support the real. Three-month historical volatility fell 0.5 percent to 10.62 percent at the close of trading in Sao Paulo, the lowest since June 2013. The currency retreated 0.3 percent to 2.2250 per U.S. dollar. The central bank announced June 6 that it was extending its foreign-exchange market intervention to support the real and limit import-price increases. The program had initially been scheduled to end this month. Brazil sold $198.7 million of foreign-exchange swaps today and rolled over contracts worth $494.3 million...............................................Full Article: Source
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