Brazil central bank calls auction to buy dollars

SAO PAULO, May 11 (BestGrowthStock) – Brazil’s central bank called
an auction on Tuesday to buy U.S. dollars on the spot foreign
exchange market as part of an effort to boost international
reserves and limit currency market volatility.

Brazil’s currency, the real (BRBY: ), was trading 0.39
percent weaker at 1.784 per U.S. dollar shortly after the
announcement.

Stock Today

(Reporting by Silvio Cascione; Writing by Ana Nicolaci da
Costa; Editing by James Dalgleish)

Brazil central bank calls auction to buy dollars