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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (43346)12/15/2003 9:45:32 PM
From: elmatador  Read Replies (1) | Respond to of 74559
 
<<Brazilian Real>> will not appreciate against USD in 2004.

Banks there are working with a Real at 3 to 3.2 to the dollar.

Exports depend on cheap currency and a trade defict is a menace to the economy.

The spread on Brazilian bonds is still at about 500 basis points.

An uptick in interest rates will damage Brazil.

Cash next year will be flowing into Singapore safe heaven out of Cayman Islands and other tax shelters.