Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.570

-4.5%

Dec 26 9:30 AM EST

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To: md1derful who wrote (9088)	10/21/1998 3:07:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Forex posts a US$1.544bn surplus on Tuesday São Paulo, 21 - Brazil's forex market posted a US$1.544bn surplus on Tuesday. The result increased the month's accumulated positive balance to US$2.889bn from US$1.345bn. During the session, financial inflow reached US$1.923bn, well above outflow which stood at US$342.80m. According to dealers, the outstanding inflow figure is due to the payment of Banco Real by the Dutch-based bank ANB-Amro. In the trade account, exports reached US$16.30m, against imports of US$201m. The floating dollar was negative at US$197.74m, boosting the month's negative result to US$1.605bn from US$1.406bn. (By Lucinda Pinto)

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