To: RJA_ who wrote (29864 ) 2/25/2008 12:04:09 PM From: elmatador Respond to of 217774 17% of the US$ 28bn planned for 2008 entered in Jan. alone. US$ 4,814bn, an increase of 98,8% compared with US$ 2,422bn on the same period of 2007. Data form the Central Bank this week. ``People are betting that the strong investment flows we've seen will continue,' said Thiago Guimaraes, a currency trader in Sao Paulo at BES Investimento do Brasil SA, the Brazilian unit of Lisbon-based Banco Espirito Santo de Investimento SA. Brazil's Real Rises on Inflows, Matching Rally in December 2006 By Adriana Brasileiro Feb. 25 (Bloomberg) -- Brazil's real rose for a sixth straight day, matching a rally in December 2006, on bets dollar flows into local markets will keep increasing. ``People are betting that the strong investment flows we've seen will continue,' said Thiago Guimaraes, a currency trader in Sao Paulo at BES Investimento do Brasil SA, the Brazilian unit of Lisbon-based Banco Espirito Santo de Investimento SA. The real increased 0.1 percent to 1.7050 per dollar at 9:10 a.m. New York time, from 1.7074 on Feb. 22. It touched 1.6942 on Feb. 22, the strongest since May 1999. The currency appreciated 2.6 percent last week. Speculation that foreign investors will buy into a share sale by Cia. Energetica de Sao Paulo, Brazil's third-biggest power generator, also boosted the currency, Guimaraes said. The real is the biggest gainer against the dollar in the past year among the world's most actively traded currencies. The state of Sao Paulo, which owns Cesp, as the company is known, plans to raise at least 6.6 billion reais ($3.9 billion) with the sale of 41 percent of the company's total capital, a spokeswoman for the state of Sao Paulo said in an interview on Feb. 20. The auction is scheduled to be held March 26. The yield on Brazil's zero-coupon bond due in January 2009 increased 1 basis point, or 0.01 percentage point, to 11.79 percent, according to Banco Votorantim SA.