Tuesday 30 June 2009

Brazil's Central Bank Buys Dollars At BRL1.9670

Brazil's Central Bank Buys Dollars At BRL1.9670

RIO DE JANEIRO (Dow Jones)--The Brazilian Central Bank bought U.S. dollars at a snap auction Tuesday for BRL1.9670 per dollar, the bank said.

The bank did not reveal the volume of dollars purchased.

The central bank has intervened in currency markets in recent days to prop up the dollar and limit a recent surge in the real amid heavy foreign-investment inflows.

-By Jeff Fick, Dow Jones Newswires; 55-21-2586-6085; jeff.fick@dowjones.com

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(END) Dow Jones Newswires

June 30, 2009 11:38 ET (15:38 GMT)

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