SAO PAULO/BRASILIA, March 9 Brazil's central
bank will continue intervening in the foreign exchange market
using all tools at its disposal and in whatever size necessary
to ensure the market functions smoothly, monetary policy
director Bruno Serra said on Monday.
SAO PAULO, March 5 Brazil's currency market is
nervous and the real's fall recently has been large, Economy
Minister Paulo Guedes said on Thursday, but there is no sign of
capital flight and the increased demand for hedging from market
participants is "absolutely normal."
SAO PAULO, Feb 6 Brazil's economy should
continue to recover this year, but the potential for sub-2%
growth persists and concern over the country's finances means a
quick upgrade to an investment grade credit rating cannot be
guaranteed, a senior director at Fitch Ratings said on Thursday.
SAO PAULO, Jan 28 The Brazilian real's weakness
is partly down to low interest rates prompting companies to pay
down foreign debt early, central bank president Roberto Campos
Neto said on Tuesday, adding that foreign investor outflows from
Brazilian stocks reflect relative values rather than fundamental
BRASILIA, Jan 24 Brazil's economy is at a stage
that requires caution on monetary policy, central bank president
Roberto Campos Neto said on Friday, adding that he is
"comfortable" with the inflation outlook.
SAO PAULO, Jan 2 Brazil posted a foreign
exchange outflow of $16.1 billion in the first four weeks of
December, central bank figures on Thursday showed, putting the
country on track to post a record annual FX outflow last year of
more than $43 billion.
BRASILIA/SAO PAULO, Aug 27 The Brazilian central
bank waded into the foreign exchange market on Tuesday in a rare
sale of dollars on the spot market after the real slumped to its
weakest level against the greenback in almost a year and within
sight of its all-time low.
SAO PAULO/BRASILIA, Aug 14 Brazil's central bank
said on Wednesday it would sell dollars outright in the spot
currency market this month for the first time in over a decade,
changing its regular market operations in response to rising
demand for liquidity.
BRASILIA/SAO PAULO The rapid acceleration of the Brazilian real's slide against the dollar this week has put traders on high alert for intervention from the central bank to stop the rot, although so far there is no sign the central bank has shown its hand.