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.