Brazil central bank will cease forex intervention program as of April

Thursday, March 26th 2015 - 09:07 UTC

Full article 4 comments

Brazil's central bank announced on Tuesday it will not extend its currency intervention program past March 31 as a combination of political problems at home and fears of higher U.S. interest rates push the Real near its lowest levels in a decade. The bank will, however, roll over all swaps expiring after May 1. Read full article

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ChrisR
“The bank will, however, roll over all swaps expiring after May 1.”

On the same terms or will they do “An Argentina” and modify the terms on a “take it or leave it” basis?

Well, Lula and DumbAss Dilma created this fiasco, do the Brazilians really believe they are capable of putting it right, because I have no confidence at all about that?
Mar 26th, 2015 - 12:06 pm - Link - Report abuse 0
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yankeeboy
Marxist will always go back to what they know.
Depreciate currency, deny inflation, increase money supply, tax more

Brazil is no different than Venezuela or Argentina
watch and see
Mar 26th, 2015 - 01:11 pm - Link - Report abuse 0
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Conqueror
@1. Do you mean Larcenous Lulu? Oh look, a president who doesn't know what's going on. So believable!
Mar 26th, 2015 - 04:51 pm - Link - Report abuse 0
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ilsen
If you want Venezuela 2:0
Vote Dilma!

I can't wait to see what comes out of the corruption (PETROBRAS), that involves the Chavistas/ALBA.
We already know that it financed Evo Morales 'victory' in Bolivia...

Dirty Bastards...
Mar 27th, 2015 - 02:03 am - Link - Report abuse 0
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