Sovereign Fund of Brazil Recently Authorized to Buy US Dollars in FX to Weaken Real

Posted on 09/22/2010


Late on Monday the Brazilian government authorized the Brazilian sovereign wealth fund to buy US Dollars in the FX market to weaken the Brazilian Real.  This was after the US Federal Reserve was hinting to print more money into the US economy.  Later on Tuesday the Brazilian Real continued to increase in value.  It was […]