Brazil Real depreciates as central bank intervenes

Note: This section contains information in English only.
Source: Bloomberg
The Brazilian Real dropped by 0.7% to 1.9572 per the U.S. Dollar by midday trading session in Sao Paulo on Monday. The currency depreciated after increasing to 1.9442 level on March 8, which was the highest point in last ten months. The Real decreases as the central bank intervened by selling 1 billion U.S. Dollar of reverse foreign exchange swaps.
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Mon, 11 Mar 2013 20:27:08 GMT

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