Central bank calms real

MARKET NEWS

SAO PAULO -- The central bank of Brazil last week waded into the foreign exchange market on several occasions to shore up the battered real, which is down 27% so far this year.

Last Wednesday, the central bank intervened four times to prop up the currency, a move described by local traders as an "emergency operation".

The bank first carried out two emergency sales of dollar-linked notes worth 4 billion reals ($1.7 billion), followed by two separate dollar selling sprees. In the previous week, the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: