Economic news

Brazil Central Bank Sells $600 Mln in Spot FX Market Monday

BRASILIA, April 27 (Reuters) - Brazil’s central bank sold $600 million dollars in the spot foreign exchange market on Monday, it said in a statement on its website.

The latest intervention follows its aggressive action last Friday, when it sold $2.175 billion in the spot market and $1 billion in FX swaps, one of its most active days for currency intervention this year as the real sank to a new low of almost 5.75 per dollar. (Reporting by Jamie McGeever Editing by Chizu Nomiyama)

Source: Reuters


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