By Adriana Brasileiro
Oct. 8 (Bloomberg) -- Brazil's central bank plans to sell as many as 34,700 currency swaps at auction tomorrow to stem the real's losses.
The currency sank as much as 9.4 percent to 2.55 per dollar today before paring losses after the central bank sold U.S. dollars in the foreign exchange market three times.
To contact the reporter on this story: Adriana Brasileiro in Rio de Janeiro at abrasileiro@bloomberg.net
Thursday, October 9, 2008
Brazil to Sell Up to 34,700 Currency Swaps in Auction Tomorrow
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