The real advanced 1.3 percent to 3.795 per dollar at 9:27 a.m. in Sao Paulo as Brazil planned a foreign exchange credit line auction of up to $3 billion for Tuesday. Such auctions are designed to support the real. The central bank last held a similar auction in August.
Swap rates on the contract maturing in January 2017, a gauge of expectations on interest-rate moves, declined 0.11 percentage point to 14.93 percent.
Brazil Energy Insight 
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