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


To: djane who wrote (7049)8/22/1998 10:39:00 PM
From: RockyBalboa  Respond to of 22640
 
BRL/USD FX fwds/options

Hi everyone!

As discussion about a faster BRL devaluation heats up, one question:
Is there an easy facility to bet on the currency? In particular, where can I do a FX forward? Are FX options tradeable?

I think of having a BRL/USD contract with strike sitting at the projected spot price in mid-October or November which is 1.1750/USD plus the "normal" prorata gradual devaluation.

Any ideas?

Chriatian



To: djane who wrote (7049)8/22/1998 11:06:00 PM
From: chirodoc  Read Replies (1) | Respond to of 22640
 
<<<<<"leaving aside Venezuela, the skittishness
investors feel these days reflects less what's happening
in Latin America than what's happening in other parts of
the world.

....ahh music to my ears

....this skittishness is giving us one humungous buying opportunity

curtis