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


To: Steve Fancy who wrote (9167)10/26/1998 3:06:00 PM
From: Steve Fancy  Read Replies (1) | Respond to of 22640
 
Brazil real stable on slow $150 mln dollar flight

Reuters, Monday, October 26, 1998 at 14:52

SAO PAULO, Oct 26 (Reuters) - Brazil's real closed little
changed against the dollar on Monday as dollar flight slowed to
about $150 million through the foreign exchange markets,
traders said.
The currency strengthened 0.01 percent to 1.1909 reais
against the dollar in the commercial market.
Dollar outflows slowed to $150 million according to
traders' preliminary estimates as fewer foreign loans and bonds
are coming due this week.

Copyright 1998, Reuters News Service