Brazil real declines on Central Bank action

The Brazilian real declined as the Central Bank sold $750 million in reverse currency swaps to weaken the currency.

The pace is up from the previous daily selling of $500 million as the real strengthened to one-year highs.

The constant intervention by the Central Bank in Brazil has cut the country's balance sheet from $100 billion to $50.

Elsewhere in Latin America, the optimistic recent US jobs report buoyed stocks d currencies to a five-day long rally.

Brazil is currently hosting the 2016 Olympic Games in Rio de Janeiro and other cities around the country.


Read more at Reuters.