Fri, Aug 22, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Bradesco chief economist: Brazil real becoming commodities play

Posted on 12 October 2011

Brazil’s currency is increasingly behaving like a “commodity currency” that closely tracks commodities prices, the chief economist of Brazil’s Banco Bradesco said Tuesday.
“The currency in Brazil is starting to behave like an exchange rate in countries we call ‘commodities currencies,’ that’s to say, which have an exchange rate that’s linked to the changes in the prices of the commodities which those countries export, as is the case with Canada, Chile, for example,” Octavio de Barros told a conference in Sao Paulo……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 36568 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31