Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Art Baeckel who wrote (21241)	8/4/2000 1:13:52 PM
From: Art Baeckel	Respond to of 22640

razil real nudges higher on dollar inflows Reuters Company News - August 04, 2000 09:51 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 4 (Reuters) - Brazil's real currency nudged stronger against the dollar in early trade on Friday buoyed by inflows of the U.S. currency, traders said. The real gained 0.1 percent to 1.793 reais per dollar, from 1.794 reais at Thursday's close. "The market opened with investors selling (dollars)...We may be seeing an early inflow of funds," said one local trader. Traders also said fixed-income markets opened on a positive note on Friday after the testimony of a key witness in a public graft scandal on Thursday failed to throw up any new developments in the case. Congress interrogated former presidential aide Eduardo Jorge on his alleged ties to a fugitive judge who's accused of siphoning up to $100 million from a courthouse construction project. The scandal has threatened to implicate the presidency and has rattled investors' nerves over past days.