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Questions on Brazil’s currency moves creates uncertainty for international investors

Posted on 25 March 2011

Lingering speculation that Brazil could introduce more capital controls or taxes to hold down its currency is creating some uncertainty for international investors trying to read the government’s next moves in foreign exchange markets.
As part of its effort to prevent the real from appreciating too much, Brazilian policymakers in October imposed taxes on types of foreign investment flows. With the real still stronger than it was a year ago, investors and analysts see the possibility of fresh moves like a tax on so-called global bonds, which are launched overseas by Brazilian companies and denominated in hard currencies like the dollar……………………………………….Full Article: Source

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