Search Results for 'Brazil'

Brazil Currency Market Shirks Volatility, Strengthens On Gre...

Brazil's currency market trended stronger Wednesday, shrugging off early-session volatility after Greek lawmakers approved a package of austerity measures that could help avoid the euro zone's first debt default. "The mark [...]

Posted On : Jun, 30 2011 | Comments : 0

Brazil to tolerate strong currency for now

Government sources told Reuters that President Dilma Rousseff will -- at least in the short term -- tolerate the real's rise to a 31-month high rather than try to fight it with major new capital controls, taxes or other measures. [...]

Posted On : Apr, 02 2011 | Comments : 0

Brazil moves to curb rising currency

A day after finance minister Guido Mantega pledged not to allow America to “melt the dollar”, Brazil’s central bank announced that domestic lenders would have higher reserve requirements against foreign exchange positio [...]

Posted On : Jan, 07 2011 | Comments : 0

Currency tensions flare as Brazil, Japan take action

A drive by many of the world's economies to cap the strength of their currencies is gaining momentum, with Brazil firing the latest shot just days before world finance leaders meet in Washington. Ultra-low interest rates in Euro [...]

Posted On : Oct, 07 2010 | Comments : 0

Brazil's currency stays near 7-year high

Brazil's currency held near a seven- year high Wednesday before an expected rate cut by the central bank. ''Lower interest rates will support the real because it will attract foreign capital to short-term fixed-income assets,'' said Tony [...]