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How and when does the ‘real’ currency war begin?

Posted on 01 March 2013

On Wednesday, Brazilian Finance Minister Guido Mantega, the poster child of the so-called “currency war”, said his country is no longer on the battle field. Bloomberg reported Mantega saying Brazil was abandoning policies to weaken the local currency, the real, even though Japan is depreciating the yen and the U.S. continues with the free money policies that started the currency war in the first place after the 2008 finance crisis erupted.
Brazil’s real is hovering around two to the dollar. Not too long ago, it was closer to R$1.65. And at the height of the Brazilian bubble in mid-2008, it was as strong as R$1.55………………………………………..Full Article: Source


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