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To: John Hunt who wrote (26249)1/15/1999 8:18:00 AM
From: John Hunt  Respond to of 116764
 
Brazil central bank has no comment on real (unreal?) plunge

biz.yahoo.com

<< The Brazilian central bank said on Friday it had no immediate comment on the real currency's more than 9.0 percent plunge against the dollar.

The real, devalued on Wednesday by around 8 percent to ease pressure on the embattled currency of the world's eighth biggest economy, burst through its new limit of 1.32 to the dollar on Friday to trade at 1.48 by late morning.

There was no sign of central bank intervention, traders said, suggesting it could be a sign the bank may have decided to let the real float. >>

And now for today's chuckle in the midst of all this doom and gloom.

syndicam.com

< g >

John