Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.429

-4.6%

3:59 PM EST

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To: Steve Fancy who wrote (8381)	9/21/1998 10:57:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Brazil's currency weakens on dollar flight concern Reuters, Monday, September 21, 1998 at 17:11 SAO PAULO, Sept 21 (Reuters) - Brazil's currency weakened 0.04 percent on Monday even after the Central Bank intervened, on expectations of another day of dollar outflows, traders said. The real closed at 1.1815 to the dollar on the view that some $600 million could leave Brazil through its foreign exchange markets on Monday as dollar outflows begin to pick up speed again. Copyright 1998, Reuters News Service

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