Thu, Aug 17, 2017
A A A
Welcome vaishu
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 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
August 2017
S M T W T F S
« Nov    
 12345
6789101112
13141516171819
20212223242526
2728293031