Brazil loosening capital controls imposed in the past two years to prop the Real

Wednesday, December 19th 2012 - 01:59 UTC

Full article 2 comments

The Brazilian central bank reduced reserve requirements on short dollar positions held by local banks as it steps up efforts to buoy the Real, the worst performing major currency this year. Read full article

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yankeeboy
Ahh the race to bottom (devaluation) has begun. Who has cheaper products Brazil or Argentina?
Brazil will win
I wonder where the peso will be in 2013.
Anyone care to guess?
10/1 or 14/1
I have heard both numbers being thrown around lately
Dec 19th, 2012 - 02:19 pm - Link - Report abuse 0
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British_Kirchnerist
So now you think Brazil is going the way of Argentina, whose collapse remains as ever right round the corner....looney!
Dec 24th, 2012 - 02:14 pm - Link - Report abuse 0
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