Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.452

-11.5%

Jan 15 3:59 PM EST

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To: Steve Fancy who wrote (8721)	10/1/1998 4:23:00 PM
From: Steve Fancy	Read Replies (3) of 22640

Brazil's Cenbank buys dollars at 1.1760 reais Reuters, Thursday, October 01, 1998 at 16:07 SAO PAULO, Oct 1 (Reuters) - Brazil's Central Bank bought dollars at 1.1760 reais at an auction in the commercial forex market to suppress a rising real and keep it trading within the current reais-dollar mini-band, dealers said. The current mini-band was set on Wednesday at between 1.1760 and 1.1870 reais per greenback. The real's strength was attributed to dollar inflows, which dealers said came in as foreign buyers of recently-privatized Brazilian assets paid for their purchases. Copyright 1998, Reuters News Service

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