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Friday, September 18, 2009

FILL FILL Brazil's Central Bank Buys Dollars At BRL1.8042


FILL FILL Brazil's Central Bank Buys Dollars At BRL1.8042

RIO DE JANEIRO (Dow Jones)--The Brazilian Central Bank bought U.S. dollars at a snap auction Friday for 1.8042 reals to the 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

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=w3NyrswbqdXv4L0EZl0jcg%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

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Any type of financial instrument-from electronic transactions to paper currency, checks, and signed, written orders called bills of exchange-that's used to make payments between countries is considered foreign exchange or Forex Trading.

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