Brazilian Real Falls Against U.S. Dollar after Sovereign Wealth Fund Announcement

Posted on 05/14/2008

Today, the Brazilian real opened weaker against the U.S. dollar. Part of this is based on news that a portion of the dollars for Brazils’s new sovereign wealth fund will be provided by Brazilian Treasury bond issues. The Brazilian real opened at 1.670 to the U.S. dollar in spot contract trading on the Brazilian Mercantile […]

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