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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Art Baeckel who wrote (21197)	8/1/2000 10:58:30 AM
From: Art Baeckel	Respond to of 22640

Brazil real opens a tad weaker in quiet trading Reuters Company News - August 01, 2000 09:36 Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Jump to first matched term SAO PAULO, Aug 1 (Reuters) - Brazil's real currency opened marginally softer against the dollar in quiet trading on Tuesday as the American unit won back the ground it had lost on Monday. In the first hour of trading the real was quoted at 1.790 to the dollar after opening at 1.788, versus Monday's close of 1.784. "The real's under a little bit of pressure today due to outflows after Monday's gains," said a trader at a foreign bank. The real gained 0.84 percent on Monday on dollar inflows for direct investment and equity acquisitions amid volatility as Brazilian foreign exchange futures expired, traders said.