MercoPress. South Atlantic News Agency
Weaker Latin American currencies against the US dollar next year
Latin American currencies will lose value against the US dollar in 2015 because of the strong US recovery and lower commodities' prices according to Itau-Unibanco, Brazil's largest private bank which also anticipates a strong fiscal adjustment by President Dilma Rousseff's next administration, in an effort to regain investors' 'confidence'. Read full article
Comments
Disclaimer & comment rulesBrazil are screwed whilst the crooks of the PT are in charge.
Dec 10th, 2014 - 10:44 am - Link - Report abuse 0That's all you need to know.
Someone explain to Dilma and Cristina what “ fiscal adjustment ” is, as clearly they have no idea.
Dec 10th, 2014 - 10:47 am - Link - Report abuse 0In the middle of all the bad news, there is at least one positive effect....with the Latin American currencies losing value against the dollar, the so-called “emerging middle-class” (according to the PT's definition of 'middle-class', who are mainly slum-dwellers and PT voters) will be find it expensive to travel abroad...which means one will be able to get a seat on a plane at short notice - like it used to be in the 'good old days', when only those who could really afford to travel, did.
Dec 10th, 2014 - 05:46 pm - Link - Report abuse 0I like the first photo of South America - looks like a car tyre is running it over.
Dec 11th, 2014 - 03:36 am - Link - Report abuse 0Jeez I'd just about stake my house on it that the Real will be way lower than 2.80 by February.
@4
Dec 11th, 2014 - 09:08 pm - Link - Report abuse 0Yep, the tyre imprint symbolizing the Dollar....getting the the hell out, going back north.
As to the exchange rate, heard yesterday that the banks' forecast is around R$ 2,80 to the Dollar, very soon...Todays it's already 2,61.
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