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To: freeus who wrote (74955)10/27/1998 4:12:00 PM
From: MichaelW  Read Replies (1) | Respond to of 176387
 
Re: Brazil devaluing

Who's putting fear into the market again?

MW



To: freeus who wrote (74955)10/27/1998 4:18:00 PM
From: D.J.Smyth  Read Replies (1) | Respond to of 176387
 
according to DJN:

<<The dollar tumbled to a low of 1.6524 marks amid unsubstantiated
speculation that Brazil is considering a devaluation of its currency, the
real. But rumors to that effect were widely dismissed by a Brazilian central
bank official and futures traders in Chicago, who attributed the moves more to
some large orders in the futures market than to any notable source of
information on Brazilian policy intentions.>>



To: freeus who wrote (74955)10/27/1998 4:19:00 PM
From: Lee  Read Replies (1) | Respond to of 176387
 
Hi Freeus,..Re:what's this about Brazil devaluing (rumor only)?

Rumor only till 5 pm ET.

biz.yahoo.com
U.S. debt futures end higher, T-bonds up sharply

Also, this doesn't help, bkx didn't like it much anyway.

biz.yahoo.com
Chase confirms China GITIC not made coupon
payment

Regards,

Lee



To: freeus who wrote (74955)10/27/1998 4:19:00 PM
From: Mohan Marette  Read Replies (2) | Respond to of 176387
 
We'll find out soon enough.

freeus:

Sure 'rumor only',how do you think these guys make money?
-----------------------------------------------
Tue, 27 Oct 1998, 4:09pm EST


10/27 U.S. Stocks Fall, Led by Banks, on Concern Brazil Will Devalue Currency

New York, Oct. 27 (Bloomberg) -- U.S. stocks fell, led by
J.P. Morgan & Co. and other banks, on talk -- denied by Brazil
officials -- that Brazil will devalue its currency.