Tue, May 26, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

Brazil’s Neves to allow currency to float freely if elected

Posted on 08 August 2014

If Aecio Neves wins the presidency this October, he would allow Brazil’s currency to float freely, leaving the market to set the exchange rate in a move that would likely help local industries struggling with a strong real.
Mansueto Almeida, a top economic adviser to the Neves campaign, told Reuters on Thursday that a free floating real will help restore balance to Brazil’s external accounts and make Brazilian manufacturers more competitive………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 40639 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31