Brazil’s Real Rallies Past 2 Per Dollar as Swaps Sold

The real advanced to a level stronger than 2 per dollar for the first time in a week after the central bank auctioned currency swaps for a fourth consecutive day to support the exchange rate.

Yields on Brazilian interest-rate futures fell after the biggest one-day increase in almost three years as a columnist for a Sao Paulo-based daily said inflation is more likely to slow to the target of policy makers. The central bank sold 14,000 out of the 40,000 currency swap contracts it offered today, according to a statement.