Brazil’s central bank calls auction to buy dollars

SAO PAULO, May 17 (BestGrowthStock) – Brazil’s central bank called
an auction on Monday 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 0.55
percent weaker at 1.814 per dollar shortly after the central
bank announcement.

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(Reporting by Jose de Castro; Writing by Elzio Barreto;
Editing by James Dalgleish)

Brazil’s central bank calls auction to buy dollars