Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.090

+3.8%

Nov 14 9:30 AM EST

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To: md1derful who wrote (6979)	8/21/1998 1:19:00 PM
From: jeremy smith	Read Replies (1) of 22640

NO!!! they have not devalued - they are saying that they will allow the currency to trade freely within the current managed band (meaning they will not intervene until it goes to the band's limit). If you ask me this will simply fuel the speculators. A line has been drawn in the sand.

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