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

To: CapitalistHogg™ who wrote (42596)	11/10/2008 10:49:01 AM
From: Follies	Read Replies (1) \| Respond to of 217768

sometimes people forget that when they are scratching their heads about the strength of the dollar. do you think those big guns will force people to accept dollars as payment? For how long?

To: CapitalistHogg™ who wrote (42596)	11/10/2008 6:34:49 PM
From: elmatador	1 Recommendation Respond to of 217768

deleted

To: CapitalistHogg™ who wrote (42596)	11/10/2008 6:35:43 PM
From: elmatador	Respond to of 217768

Brazil's Real Gains as Chinese Stimulus Plan Boosts Commodities By Adriana Brasileiro Nov. 10 (Bloomberg) -- Brazil's real rose after China announced a 4 trillion yuan ($586 billion) plan to accelerate its economy, fueling a rally in commodities. ``This package is great news for commodity exporters because China is a key buyer of our products,'' said Thiago Caiuby, a trader at BES Investimento do Brazil SA in Sao Paulo. The real appreciated 2 percent to 2.1211 per dollar at 7:26 a.m. New York time, from 2.1642 on Nov. 7. Brazil's currency has dropped 26 percent from a nine-year high of 1.5545 per dollar reached Aug. 1. Crude oil and metals rose more than 5 percent while most agricultural commodities increased more than 3 percent on speculation the Chinese stimulus plan will spur economic growth. Nearly two-thirds of Brazil's exports are commodities such as iron ore, orange juice and soybeans. The yield on Brazil's zero-coupon bond due in January 2010 fell 31 basis points, or 0.31 percentage point, to 15.22 percent, according to Banco Votorantim. The yield on Brazil's overnight futures contract for January 2009 delivery dropped 3 basis points to 13.68 percent. To contact the reporter on this story: Adriana Brasileiro in Rio de Janeiro at abrasileiro@bloomberg.net bloomberg.com