Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.654

-5.3%

Dec 16 3:59 PM EST

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To: Chip McVickar who wrote (9558)	11/10/1998 3:10:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Brazil forex mkt outflows accelerate Tues -traders Reuters, Tuesday, November 10, 1998 at 14:47 SAO PAULO, Nov 10 (Reuters) - Brazil's foreign exchange markets should post a net outflow for Tuesday of around $120 million after a tiny outflow of $1 million on Monday, traders said. At 1700 local/1400 EST/1900 GMT, the commercial market showed a net inflow of $40 million, while the floating rate market was negative at $95 million for a combined provisional net outflow of $55 million. Traders said they were expecting the final figures to show a net outflow of $10 million on the commercial market and of $110 million on the floating market. Copyright 1998, Reuters News Service

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