(Bloomberg) -- Brazil's currency fell, reversing
earlier gains, as some investors sought to drive up the value of
the dollar ahead of today's settlement of futures and options
contracts.
The real fell 0.4 percent to 1.9290 per dollar at 2:42 p.m.
New York time after gaining as much as 0.2 percent to 1.9180 per
dollar earlier. The yield on Brazil's benchmark zero-coupon bonds
due in January 2008 fell 2 basis points, or 0.02 percentage
point, to 11.17 percent, according to Banco UBS Pactual SA.
Read more at Bloomberg Currencies News
earlier gains, as some investors sought to drive up the value of
the dollar ahead of today's settlement of futures and options
contracts.
The real fell 0.4 percent to 1.9290 per dollar at 2:42 p.m.
New York time after gaining as much as 0.2 percent to 1.9180 per
dollar earlier. The yield on Brazil's benchmark zero-coupon bonds
due in January 2008 fell 2 basis points, or 0.02 percentage
point, to 11.17 percent, according to Banco UBS Pactual SA.
Read more at Bloomberg Currencies News
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