Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.506

+15.6%

3:59 PM EST

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To: Jay8088 who wrote (7647)	9/8/1998 1:23:00 PM
From: Steve Fancy	of 22640

Brazil forex market loses $6.741 bln thru Sept 4 Reuters, Tuesday, September 08, 1998 at 12:18 SAO PAULO, Sept 8 (Reuters) - A whopping $6.741 billion fled Brazil's foreign exchange markets in the first four days of September, more than half dollar leakage during the entire month of August, dealers said on Tuesday. On Friday, dollar losses from the commercial and floating foreign exchange markets totaled $2.925 billion, the biggest one-day outflow since the Asia crisis sparked a dollar exodus last October. In August a total $12.001 billion left the forex markets. The commercial forex market registered outflows of $1.127 billion on Friday according to the Central Bank while dealers put net outflow from the floating forex market at $1.798 billion. Copyright 1998, Reuters News Service

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