Monday, November 15, 2010

Currency Wars? Oh no no no, figment of your imagination

This from Merconews today

Dilma prepared to apply drastic measures to contain Brazil’s currency surge

Brazilian president-elect Dilma Rousseff admitted her administration would take all the necessary measures possible to prevent the Brazilian Real from increasing its value vis-à-vis the US dollar, according to reports from the Sao Paulo press that interviewed the successor of President Lula da Silva in the recent G-20 summit in Korea. Continues here