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Mr Kobetitsch is write. Brazil have nothing to do with what goes on in Asia. There is a Monetary Reserve for more than 9 monthes of imports, and the normal one is for 3 monthes. No devaluation is ieither expected or needed in Brazil. Can it be only a big correction?
Whar does technical analisis has to say about?
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De: Harry J. Kobetitsch[SMTP:kobet@xxxxxxxxxxxxx]
Enviada: Terça-feira, 15 de Julho de 1997 20:32
Para: ClaudB@xxxxxxx
Cc: metastock-list@xxxxxxxxxxxxx
Assunto: Re: TELEBRAS ADR
ClaudB@xxxxxxx wrote:
> There is some talk in Wall Street about currency devaluation in
> Brazil, Peru and a few other countries. So far, just talk.
>
> ClaudB
Hold ON!!!!
Where are the facts? Where did you read this?
Asia is going through devaluation now, maybe
you have the wrong continent.
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