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Brazil real closes flat despite Nasdaq pressure

SAO PAULO: Brazil's real closedvirtually unchanged at 1.744 per dollar on Tuesday as dollar flowsimproved at the end the day, alleviating pressure from feverishstock markets, traders said.

"Flows were not so bad after all ... However, falls in (U.S.technology-heavy index) Nasdaq have pressured the real a greatdeal during the day," said one Sao Paulo-based trader.

At some point during the day the real stood as low as 1.751per dollar. On Monday, the currency closed at 1.743 to thegreenback.

Nasdaq, whose recent sharp falls have provoked bigdeclines on stock markets worldwide, fell 3.2 percent on Tuesday.Brazilian shares closed 1.45 percent lower.-Reuters