Traders work on the floor of the dollar pit of the futures and commodities
market in Sao Paulo July 29, 2002. Brazil's embattled currency sank to a
another new low at midday on Monday, as it plunged 5.8 percent to 3.20 per
U.S. dollar, its lowest level since it was introduced in 1994, amid
pre-election jitters and concerns about whether the country will be able to
strike a new loan deal with the International Monetary Fund. REUTERS/Paulo
Whitaker

PW/GN