Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.896

-0.9%

Nov 21 3:59 PM EST

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To: Steve Fancy who wrote (11759)	1/15/1999 10:54:00 AM
From: Steve Fancy	Read Replies (1) of 22640

Brazil's real at 1.49/dlr vs 1.55/dlr - traders Reuters, Friday, January 15, 1999 at 09:13 SAO PAULO, Jan 15 (Reuters) - Brazil's currency firmed slightly to 1.49 reais against the dollar on Friday after tumbling as low as 1.55 reais to the dollar after the Central Bank effectively allowed the nation's currency to float freely. At 1.49 reais, the real devalued 11.4 percent compared to Thursday's close at 1.32 to the dollar. The currency's tumble began Wednesday when the Central Bank set a wider trading band, sending the real down more than 8 percent against the dollar to 1.32. Copyright 1999, Reuters News Service

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