RIO DE JANEIRO, BRAZIL - The spot US dollar renewed the low of R$4.21 (-0.7 percent), reacting to the sale of US$1 billion in the spot market by the Central Bank, after the authority rejected the bids in combined spot auctions of US$785.0 million, with a reverse swap offer.
The president of the Central Bank, Roberto Campos Neto, had already concluded his speech at an event in Brasília, but did not comment on the exchange and interest rates and left without talking to the press.
The spot sale auction is the fourth this week . . .
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