Brazil central bank offers dollars on spot market

Wed Jan 28, 2009 12:27pm EST
SAO PAULO, Jan 28 (Reuters) - Brazil's central bank said it would hold an auction on Wednesday to sell dollars on the spot foreign exchange market in a bid to add liquidity and meet strong demand for the U.S. currency.
Brazil's currency, the real BRBY, was trading about 1.3 percent stronger at 2.291 per dollar shortly after the announcement.
Selling dollars from its international reserves is one of several ways the central bank has sought to supply liquidity to financial markets in recent weeks. (Reporting by Jenifer Correa; Writing by Elzio Barreto; Editing by Tom Hals)