Brazil central bank launches US$60b currency intervention

Brazil’s central bank announced a currency-intervention program on Thursday that will provide US$60 billion worth of cash and insurance to the foreign-exchange market by year-end, a move aimed at bolstering the country’s currency, the real, as it slips to near five-year l

via Business feed http://www.scmp.com/business/economy/article/1298794/brazil-central-bank-launches-us60b-currency-intervention