March 12, 2020 / 12:05 PM / in 25 days

Brazil central bank announces $2.5 bln spot FX auction for Thursday

BRASILIA, March 12 (Reuters) - Brazil’s central bank will sell $2.5 billion in the spot currency market on Thursday, increasing its intervention from a $1.5 billion auction announced late on Wednesday, it said in a statement on its website.

The auction will be between 0910 and 0915 local time, and will bring the central bank’s spot currency market intervention this week to almost $8 billion as the real slides back toward last week’s record low around 4.80 per dollar. (Reporting by Jamie McGeever and Luana Maria Benedito; editing by John Stonestreet)

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