Tuesday, June 26, 2007

Venezuela's Bolivar Strengthens to One-Month High After Dollar Bond Sale

(Bloomberg) -- Venezuela's bolivar rose to its
strongest in almost one month in unregulated trading after the
government flooded the financial system with dollars to stem the
currency's decline.

The bolivar today rose to 4,050 per dollar in the
unofficial dollar market, its strongest since May 30, from 4,150
to the dollar yesterday, traders said. The bolivar's third
straight day of gains pared its decline this year to 19 percent.


Read more at Bloomberg Currencies News

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