Friday, April 29, 2016

EMERGING MARKETS-LatAm currencies extend gains, Brazil's central bank intervenes

SAO PAULO, April 29 (Reuters) - Latin American currencies

extended their gains for a fourth day on Friday on dovish signs

from the Federal Reserve, prompting the Brazilian central bank

to step up intervention to halt a surge of the real that hit an

eight-month high.

Brazil's central bank offered up to $2.5 billion in reverse

currency swaps in three auctions after the real hit 3.45 per

dollar. It was the first central bank intervention in a week.

Other Latin American currencies also stren

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