Fri, May 29 2009, 18:48 GMT
http://www.djnewswires.com/eu
Brazil Central Bank Buys Dollars At BRL1.974 In Auction
SAO PAULO (Dow Jones)--The Brazilian Central Bank on Friday bought U.S. dollars at an auction for 1.974 Brazilian reals to the dollar.
The central bank has been buying dollars at auctions all week in an effort to replenish part of its international reserves that it spent during the height of the economic crisis. The central bank didn't reveal the volume of dollars it sold at the auction. The real opened at BRL1.97 per dollar in response to a resounding sell-off of the U.S. currency in world markets Friday. -By Kenneth Rapoza, Dow Jones Newswires; 55-11-2847-4541; kenneth.rapoza@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=hkrbpzYTKfTwHZbyySf7Iw%3D%3D. You can use this link on the day this article is published and the following day. (END) Dow Jones NewswiresMay 29, 2009 14:48 ET (18:48 GMT)Copyright 2009 Dow Jones & Company, Inc.
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