No more dollars in Brazil nor Argentina - URGENT

[Steve_A]

Hi bennycog,

SÃO PAULO, 7th of October - 2008 - The (commercial) Dollar closed 4,90% higher, quoted at R$ 2,311 to buy and R$ 2,313 to sell. In the futures market, the contracts that mature in November rose 5,98%, to R$ 2,323 after 434,2 thousand transactions. Based on the interbank deals, the market estimetes that the Ptax (average of the quotes cecked by the Central Bank) stayed around the R$ 2,2001 mark to sell.

SÃO PAULO, 7 de outubro de 2008 - O dólar comercial fechou em alta de 4,90%, cotado a R$ 2,311 na compra e a R$ 2,313 na venda. No mercado viva-voz de dólar futuro, os contratos com vencimento em novembro subiam 5,98%, a R$ 2,323, após 434,2 mil negócios. Com base nos negócios no interbancário, o mercado estima que a Ptax (média das cotações apurada pelo BC) tenha ficado em R$ 2,2001 na venda.

(Simone e Silva Bernardino - InvestNews)

The BOVESPA is losing around 5% today.

The DOW is being hit again with the Bank of America CP losing 21,88% just today!

Best regards,

Steve

Originally Posted by bennycog

any more news steve?