1. Analysts said the three-day selloff was triggered by a currency run in the Philippines last Friday and fears that the Brazilian currency could come under devaluation pressures.
2. Analysts said the three-day selloff was provoked by a currency run in the Philippines on Friday and fears that the Brazilian currency could come under devaluation pressures.
3. Brazilian currency futures were almost unchanged after the government modified its budget-cutting proposals to soften the impact of proposed tax increases.
4. A current account deficit and deficit spending has led to concerns the government could be forced to devalue the Brazilian currency.
5. A plunge early this year in the value of the Brazilian currency has benefited big exporters like Embraer by making their products more affordable and competitive in overseas markets.
6. Brazilian currency futures began trading on the Chicago Mercantile Exchange, and officials at the Merc predicted demand would be robust.
7. Brazilian currency futures began trading on the Chicago Mercantile Exchange, attracting robust demand from investors.
8. But then rumors about a possible Brazilian currency devaluation and the health of Russian President Boris Yeltsin filtered into the market.
9. CHILEAN stocks fell on speculation that earnings by Chilean companies with investments in Brazil could be hurt if the Brazilian currency is devalued.
10. Devine and Losh said in separate interviews Wednesday that a devaluation of the Brazilian currency, reportedly under consideration in Brazil, would have little direct effect on profits.