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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment, Market

Lula SWF makes bid, Real opens stronger

Posted on 05 January 2010

From Dow Jones: The Brazilian government gave its sovereign wealth fund or FSB, greater freedom to make investments. The government also will be free to buy dollars in the local currency market as part of its investment plan for the fund.
Brazil’s real opened stronger Monday, boosted by more optimistic forecasts for domestic economic growth along with firm overseas demand for Brazil’s major commodities…………………………………..Full Article: Source


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