Tuesday, January 31, 2017

EMERGING MARKETS-Brazil real weakens on prospects of cenbank intervention

SAO PAULO, Jan 31 (Reuters) - The Brazilian real weakened on

Tuesday after the central bank hinted it could allow some of the

currency swaps due in March to expire.

The central bank currently holds $26.6 billion reais worth

of currency swaps, which function like dollar sales to investors

for future delivery, down from over $100 billion by late 2015.

It halted the reduction of the outstanding swaps after the

surprise election victory of Donald Trump triggered market

volatility.

On Tue

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