By Adriana Brasileiro
Sept. 23 (Bloomberg) -- Brazil's real weakened for the first time in three days on concern the $700 billion U.S. government plan to rescue financial institutions may be stalled in Congress.
The real fell 0.6 percent to 1.8130 per dollar at 8:44 a.m. New York time, from 1.8032 yesterday. Brazil's real is the biggest decliner among the 16 most-actively traded currencies this month against the dollar, having lost 10 percent.
The yield on Brazil's zero-coupon bonds due in January 2010 rose 8 basis points, or 0.08 percentage point, to 14.96 percent. The yield on the overnight futures contract for January delivery was little changed at 14.04 percent.
To contact the reporter on this story: Adriana Brasileiro in Rio de Janeiro at abrasileiro@bloomberg.net
Tuesday, September 23, 2008
Brazil's Real Falls on Concern U.S. Bailout Plan May Stall
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment