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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (15551)	3/19/2007 11:10:19 AM
From: elmatador	Respond to of 217587

Looks like business as usual: Brazil's Currency Advances After Exports Higher Than Expected By Adriana Brasileiro March 19 (Bloomberg) -- Brazil's currency rose after a weekly government report showed exports were higher than analysts expected. Brazilian exports totaled $2.76 billion last week, giving the country a trade surplus of $706 million, the government said. Exports were $2.87 billion the previous week. ``The interesting thing was the strong export number once again last week, when most people expected a bigger drop,'' said Joao Medeiros, a partner at Sao Paulo-based Pioneer Corretora de Cambio, which handles a third of Brazil's daily currency trading. ``With all that cash flooding the market, I predict the real will strengthen this week.'' Brazil's currency rose 0.6 percent to 2.0805 reais to the dollar at 10:32 a.m. New York time. The real has strengthened 2.6 percent this year, the most among the 16 most actively traded currencies against the dollar. Medeiros predicts the real will strengthen to ``close to'' 2.06 per dollar this week. Economists in a weekly central bank survey raised their forecasts for the real for 2007 and 2008. The currency will trade at 2.12 per dollar at year-end, compared with a previous estimate of 2.15 per dollar, according to the median estimate of about 100 economists in a March 16 central bank survey published today. The economists predict the real will trade at 2.2 per dollar at the end of 2008, compared with 2.22 a week earlier, according to the survey. ``Dollar flows will continue to increase, from portfolio allocation in emerging markets, from a growing trade surplus and from direct investments,'' Solange Srour, chief economist at Mellon Global Investment Brazil, said in an interview in Sao Paulo. The yield on Brazil's zero-coupon, real-denominated bond due January 2008, the benchmark security, fell less than 1 basis point, or 0.01 percentage point, to 12.12 percent, according to Banco Pactual SA. The spread between the bond and the two-year U.S. Treasury note was 7.5 percentage points, little changed from the end of last week.

To: TobagoJack who wrote (15551)	3/19/2007 11:23:24 AM
From: foundation	Read Replies (1) \| Respond to of 217587

... recalling the movie 'Network' ... its prescience is astounding.