Reuters: Regulatory News: Brazil cenbank chief cautions against one-way bets on currency

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Brazil cenbank chief cautions against one-way bets on currency Aug 19th 2013, 21:33 SAO PAULO | Mon Aug 19, 2013 5:33pm EDT SAO PAULO Aug 19 (Reuters) - Brazil's central bank President Alexandre Tombini warned on Monday that those who bet on one-way movements in the country's currency could incur losses. Tombini made the comments in a written statement following the recent slide of Brazil's currency, the real . He said currency markets globally are currently undergoing a "realignment," and that the central bank is watching developments in the local market carefully.

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