Brazil Central Bank U-Turn On Forex

After months of buying dollars, Brazil's central bank could reverse course

Major local market players see imminent intervention by the central bank to sell dollars

Central bank may be concerned about impact of weaker currency on inflation



Brazil's real depreciated nearly 3% versus the dollar in May

SAO PAULO (Dow Jones)--Brazil's government has complained long and loud about the strength of the Brazilian real versus major currencies such as the dollar, but that may be about to change after a sharp depreciation, which could stoke fears about inflation.