Real rises after central bank resumes intervention

BRAZIL - The real rose after the Brazilian central bank said it is resuming its former policy of daily interventions in the foreign exchange market, dealers said.

The currency ended yesterday at 2.86 per dollar, compared with 2.90 a day earlier after the bank signalled it plans to spend 1.5 bln US$ this month on propping up the real.

In Buenos Aires, the Argentine peso extended recent gains, closing down 0.08 at a buy rate of 3.65/usd on the open market and down 0.09 at 3.60 at banks trading on

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