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20000109

Brazil real firms 0.8 pct to end at 1.828/dollar

SAO PAULO: Brazil's currency, the real BRBY, ended a roller-coaster trading week on stronger note as dollar inflows picked up on Friday, traders said.

The real closed at 1.828, 0.8 percent stronger then Thursday's final price of 1.842 but still 1.2 percent weaker than at the end of 1999, when it traded at 1.806, its strongest in six months.

"Trading was much calmer today with the entry of dollars," said one local trader, calculating the net inflow for the day at around $160 million.

The real weakened to 1.860 on Tuesday while the local stock market tumbled on the back of a drop on Wall Street amid concerns over rising US interest rates.

The Central Bank intervened on Tuesday by selling dollars to the market, which brought the real back to 1.850 by the close.-Reuters

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