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The Associated Press Sao Paulo BRA
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Traders work in the U.S. dollar pit at the Brazilian Mercantile and Futures Exchange in Sao Paulo, Friday, July 27, 2007. Brazilian assets lost considerable ground Thursday as global risk aversion rose. Continued worries about the subprime mortgage crisis in the U.S. and a retraction in easy credit sparked the sell off in U.S. stocks and rush in U.S. Treasury. But the Friday release of U.S. economic data lightened the mood somewhat. The U.S. economy grew at an annual rate of 3.4% during the second quarter of 2007. (AP Photo/Masao Goto Filho)
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