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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Mike Johnston who wrote (82324)	6/1/2007 1:25:38 PM
From: Mike Johnston	of 110194

Banco Central do Brasil defending the dollar. Brazilian Real Reaches Multi-Year High Versus Dollar Fri Jun 01 13:21:00 2007 EDT (RTTNews) - The Brazilian real hit a multi-year high versus the dollar Friday in New York. The Brazilian currency added to multi-year highs set yesterday. The currency pulled back after Brazil's Central Bank bought American dollars at a snap auction for 1.9075. The real lost ground versus the greenback soon after, reaching a mark of 1.91 at 12:10 pm ET. That is compared to its high of 1.8990 just before 10 am.

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