Brazil real sinks to 2 per dollar, 1st time in yr

Thu Oct 2, 2008 11:14am EDT
SAO PAULO, Oct 2 (Reuters) - Brazil's currency weakened to the 2-per-dollar mark for the first time in more than one year as investors dumped emerging market assets and flocked to the U.S. dollar.
The real BRBY plunged almost 4 percent to 2 per dollar from 1.925 on Wednesday, a threshold it hasn't crossed since Aug. 29, 2007. The dollar reached a 13-month high against a basket of major currencies .DXY.
(Reporting by Elzio Barreto, Editing by Chizu Nomiyama)