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-Brazilian real gains after central bank's rate action.

Global Banking News-January 18, 2013--Brazilian real gains after central bank's rate action(C)2013 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 18 January 2013

The Brazilian real has gained in strength following action by the central bank.

The real opened stronger against the US dollar on Thursday after Brazil's central bank voted unanimously to hold its Selic base rate unchanged at a historical low of 7.25 percent.

The real was trading at BRL2.0394 to the dollar on Thursday.

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Publication:Global Banking News (GBN)
Date:Jan 18, 2013
Words:103
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