06 February 2012

COLOMBIA / BRASIL : C.Banks Buying $USDs To Slow Currency Rallies.

http://www.bloomberg.com/news/2012-02-06/colombia-resumes-dollar-buying-as-peso-touches-five-month-high.html

      Because its peso has shot up 8.5% this year...Colombia's central bank today started buying $20 million USD...to slow the rally.
      It will purchase $20mn daily...for at least 3 months.
      On 3 Feb...Brasil's c.bank also bought USDs for the first time since July.
      The REAL has rallied by 8.3%...since 1 Jan.