Wed, Feb 10, 2016
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

Wasn’t a weaker currency supposed to help Brazil?

Posted on 04 June 2013

When the Brazilian real was strengthening like gangbusters against the dollar, all the way to R$1.55 back in July of 2008, the government both loved it and hated it. They loved it because it meant the world loved Brazil and Brazil, with its nagging (and misplaced) inferiority complex, was mighty proud of its strong currency.
Fast forward to the Lehman Brothers and pending fall out in late 2008-09 and the strong currency became a curse. It became part of the “currency war”, a term made quite popular over the last two years by Brazilian Finance Minister Guido Mantega………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 44416 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
February 2016
S M T W T F S
« Jan    
 123456
78910111213
14151617181920
21222324252627
2829