Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.750

-14.5%

Dec 5 9:30 AM EST

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To: DMaA who wrote (8630)	9/30/1998 10:34:00 AM
From: Steve Fancy	of 22640

Brazil's Central Bank sets dlr buy/sell auction Reuters, Wednesday, September 30, 1998 at 09:03 SAO PAULO, Sept 30 (Reuters) - Brazil's Central Bank announced a dollar auction requiring buy and sell offers in the commercial foreign exchange market to lower its reais-dollar mini-band, dealers said. The current mini-band was set on Friday at between 1.1750 and 1.1860 reais per dollar. The Central Bank usually changes the mini-band five to seven times each month through buy/sell auctions. Before the auction Wednesday, the real was asked at 1.1851 per dollar and offered at 1.1853 per dollar, they added. Copyright 1998, Reuters News Service

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