Forex Trading House » central bank http://www.forextradinghouse.com Get All Types Of Forex Related Information Like, Forex Dollar, Currency Trading, Credit Cards, Grant, Finance, Loan, Exchange Rates,Forex Quotes, Forex Rates, Fastet Update.... Thu, 09 Sep 2010 15:17:42 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Central Bank of Brazil Sells $1.2 bln In Forex Swaps http://www.forextradinghouse.com/2008/12/central-bank-of-brazil-sells-12-bln-in-forex-swaps/ http://www.forextradinghouse.com/2008/12/central-bank-of-brazil-sells-12-bln-in-forex-swaps/#comments Fri, 12 Dec 2008 13:24:00 +0000 Prakash Dhawan http://forextradinghouse.com/?p=76 Brazil’s central bank sold about $1.2 billion in dollar swaps in an auction on Thursday, rolling over a similar batch of paper coming due on Jan. 2.

The bank sold 24,400 of 69,500 contracts on offer.

 

Brazil’s currency, the real BRBY, extended gains after the auction, surging almost 4 percent to 2.336 per dollar.

 

In addition to selling swaps, the central bank has also sold dollars and dollar repurchase agreements in recent months to add liquidity and reduce volatility in the foreign exchange market.

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