Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.090

+3.8%

Nov 14 9:30 AM EST

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To: Bob Howarth who wrote (12149)	1/21/1999 11:29:00 AM
From: Steve Fancy	Read Replies (1) of 22640

With outflows at at only US$208M yesterday, ahead of a big nervous vote, looks like we can thank Mr Soros and Mr Biggs for todays selloff. Barton Biggs is always wrong isn't he? Forex posts a US$208.6m deficit on Wednesday São Paulo, 21 - The Brazilian foreign exchange market posted a US$333.626m deficit (commercial plus floating dollar segments) last Wednesday. Financial inflow in the commercial dollar segment reached US$189.300m, below outflow which stood at US$386.943m. In the trade account, exports reached US$104.974m, against imports of US$115.989m. With the figures, the segment has accumulated a net deficit in the month of US$4.939bn. Yesterday, the floating dollar posted a deficit of US$125m. (By Lucinda Pinto)

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