Brazil's real notches tenth straight session of gains
Adds context in paragraphs 3-4
SAO PAULO, Jan 31 (Reuters) - Brazil's real on Friday notched its tenth straight session of gains versus the U.S. dollar in the spot market, closing at 5.8355 reais per greenback.
The Brazilian currency reached its strongest closing price since Nov. 26, after gaining back some ground following a sell-off in late 2024 which led to its weakest year since 2020.
During Friday's session, the Brazilian real neared 5.80 per U.S. dollar, with analysts citing technical currency moves and expectations surrounding tariffs from Washington on products from Mexico, Canada and China.
On Wednesday, the Brazilian central bank sold $2 billion in a dollar auction with repurchase agreement, in its second foreign exchange intervention this year.
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