Thursday, March 5, 2009

Brazil's spot forex sales rise to $14.5 bln-c.bank

BRASILIA, March 5 (Reuters) - Brazil has spent $14.5 billion in intervention in the spot foreign exchange market since early October to meet growing demand for the U.S. currency, Central Bank President Henrique Meirelles said on Thursday.

The bank also sold some $9.7 billion in dollar repurchase agreements and another $9.6 billion in foreign trade lines through March 2, Meirelles said. (Reporting by Isabel Versiani and Ana Nicolaci da Costa; Writing by Elzio Barreto; Editing by James Dalgleish)

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