Brazil Tries to Curb Currency Rally, allows FSB to Intervene
Posted on 01/11/2011
Brazil is trying to keep the Brazilian Real from appreciating too much against the other major currencies. The Brazilian Real is gaining strength. The Government of Brazil is allowing the Fundo Soberano do Brasil (FSB) to act in the foreign exchange market. This was authorized by the new Brazilian President, Dilma Rousseff. The FSB can […]
