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Can Brazil’s currency be saved?

Posted on 30 August 2013

One almost feels sorry for Brazil’s central bank President Alexandre Tombini these days. The man charged with steering the monetary policy of the world’s sixth largest economy has a lot to handle.
The U.S. Federal Reserve has signaled it will finally reduce its quantitative-easing policy, a move that spells the end of the easy money that has helped Brazil’s economy coast for years. This has contributed to an initial blow to the Brazilian real, which last week dropped to its lowest level in 4 1/2 years………………………………………..Full Article: Source


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