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Brazilian real gains as central bank holds fresh dollar auctions

BY Reuters | ECONOMIC | 12/20/24 07:44 AM EST

SAO PAULO, Dec 20 (Reuters) - Brazil's real gained against the U.S. dollar on Friday, extending the previous session's rise after a steep sell-off that took the currency to all-time lows earlier this week amid fiscal concerns and the global strength of the greenback.

The Brazilian central bank unloaded $3 billion in a spot dollar auction early in the session and will hold two auctions with repurchase agreements totaling $4 billion later in the day, again intervening in the market.

The real was trading at around 6.07 per greenback in early morning. (Reporting by Gabriel Araujo and Fernando Cardoso)

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