Friday, April 20, 2007

Brazil Central Bank Plans to Sell as Much as 12,900 Reverse Currency Swaps

(Bloomberg) -- Brazil's central bank said it plans to sell up to 12,900 reverse currency swap contracts in an auction today.

The bank said in a statement it will accept bids for the contracts from 12:30 p.m. to 1:00 p.m. local time (11:30 a.m. to noon New York time). The bank plans to announce results after 2:30 p.m. local time.


Read more at Bloomberg Currencies News

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