Tag: Real

• Tuesday, September 27th 2011 - 22:45 UTC

  Inflation picking up and lower interest rates, forecasts Brazil central bank survey

  

  Brazil’s central bank will miss its inflation target this year for the first time since 2003 according to a central bank survey of economists. Consumer prices will rise 6.52% this year, according to the median forecast in a Sept. 23 central bank survey of about 100 analysts published Monday.

• Tuesday, September 27th 2011 - 22:42 UTC

  Latam currencies weakness ‘transitory’ says Mexican central bank

  

  Mexican central bank Governor Agustin Carstens said the Peso’s weakness is “transitory” and the currency is likely to resume its upward trend, along with other Latin American currencies.

• Tuesday, September 27th 2011 - 01:39 UTC

  Brazilian officials committed to protect the Real from international volatility

  

  Brazil’s Finance Minister Guido Mantega returned home early from the IMF/World Bank meetings in Washington this weekend, after a plunge in the Real extended the world’s biggest currency slump over the past month.

• Thursday, September 22nd 2011 - 21:52 UTC

  Brazil to the rescue of the Real which is down 17% against the dollar in 4 weeks

  

  Brazil's central bank unexpectedly acted to halt the currency's slide on Thursday, highlighting growing concern among officials that the global financial crisis is damaging Brazil's economy and could cause a potentially destructive spurt in inflation.

• Saturday, August 27th 2011 - 07:17 UTC

  Brazil en route to comply comfortably with budget planned primary surplus

  

  Brazil’s budget primary surplus widened in July to a record for the month pushing the year-to-date total to almost 80% of the government’s 2011 target, according to the Central bank.

• Wednesday, August 3rd 2011 - 00:31 UTC

  Brazil announces 16bn dollars plan to prop industry and weaken the Super Real

  

  A package of tax breaks and incentives unveiled Tuesday by Brazilian president Dilma Rousseff represent a good start to help local companies overcome competitive challenges presented by adverse local and global economic factors, but still fall short of what's needed, Brazilian industrial leaders said.

• Tuesday, August 2nd 2011 - 06:53 UTC

  Brazil’s currency the most overvalued: anywhere from 52% to 149% vis-à-vis the US dollar

  

  The Brazilian Real is the world's most expensive currency and is 149% overvalued against the dollar and the Colombian peso, the next most expensive currency is 108% above the US currency, according to British magazine The Economist, which has created a new version of the Big Mac index.

• Monday, August 1st 2011 - 07:02 UTC

  Uruguayan Peso over-valued 17.4% against the dollar according to Big Mac’s PPP

  

  The Uruguayan Peso is 17.4% over-valued against the US dollar according to the Big Mac index from The Economist which means the greenback should be trading in Montevideo money markets at 21.62 Pesos and not 18.25 Pesos as currently happens.

• Wednesday, July 27th 2011 - 19:28 UTC

  Brazil intervenes the derivatives markets in a bid to weaken the Real

  

  Brazil imposed on Wednesday a tax on bets against the US dollar and warned it may boost intervention in the nation’s derivatives market in a bid to weaken a currency that reached a 12-year high this week. The Real declined by the most in almost three months at times loosing up to 2% to the US dollar.

• Tuesday, July 26th 2011 - 07:38 UTC

  Real soars to its highest in 12 years in spite of billions to support the US dollar

  

  Brazil's Real soared Monday to its highest level against the US dollar since 1999. The dollar was buying 1.53 Real at midday on financial markets, representing a 0.9% increase from Friday. The dollar closed somewhat higher at 1.54 Real but below the 1.55 of twelve years ago.