UPDATE 1-Brazil central bank to cut exposure to some currency instruments

June 13, 2016 8:49 PM

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SAO PAULO, June 13 Brazil's new central bank president said on Monday that the bank will curb exposure to some currency derivatives as it seeks to moderate its use of the tools his predecessor employed to ease currency swings.

Ilan Goldfajn said at his swearing-in ceremony in Brasilia that the use of instruments to mitigate large fluctuations in the Brazilian real "will be made with parsimony."

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