Brazil Caught Between Titans in Global Currency War

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Brazil’s Finance Minister Guido Mantega recently told the Financial Times that the global currency war “was absolutely not over,” and cited two countries that, according to him, have not ceased the hostilities: China and the United States. More and more, Brazil seems to be caught between — and battling against — the greenback and the yuan in its efforts to slow the rise in value of its own currency, the real. Part of the problem is due to the disparity in how the United States and China have bounced back from the 2008 global financial crisis. Economic recovery in the […]

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