Brazil claims “global currency war” has broken out, but we have an ‘arsenal’

Tuesday, September 28th 2010 - 21:38 UTC

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Brazilian Finance Minister Guido Mantega claimed that an “international currency war” has broken out but the government will buy all “excess dollars” in the market to curb the appreciation of the local currency Real. Read full article

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Hoytred
“ ... coincide with the latest interventions in Asia where South Korea, Taiwan and Japan have intervened in money markets .....”

And Argentina too according to a different article in Mercopress. Now that would cause some local tension ... no?
Sep 29th, 2010 - 01:53 am - Link - Report abuse 0
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Pheel
Old british “division-seeding” sport?

We had many struggles on the currency rates during last 15 years, but Mercosur is still alive and strengthening.
Sep 29th, 2010 - 01:13 pm - Link - Report abuse 0
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Typhoon
““The Brazilian government has an arsenal” Isn't that what you find when you reach behind you with both hands?
Oct 05th, 2010 - 11:25 am - Link - Report abuse 0
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