Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.750

-14.5%

Dec 5 3:59 PM EST

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To: Tony van Werkhooven who wrote (11915)	1/18/1999 10:29:00 AM
From: Steve Fancy	of 22640

Forex posts a US$358m deficit on Friday São Paulo, 18 - The Brazilian foreign exchange market posted a US$318m deficit (commercial plus floating dollar segments) last Friday. Financial inflow in the commercial dollar segment reached US$115.881m, below outflow which stood at US$491.451m. In the trade account, exports reached US$53.087m, against imports of US$36.431m. With the figures, the segment has accumulated a net deficit in the month of US$4.171bn. The floating dollar posted a surplus of US$40m, decreasing the segment's negative result in the month to less than US$1.3bn. (By Lucinda Pinto)

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