In a van, down by the river. | If I understood the article correctly (see link), 1) despite weakness vs the USD, Brazil has been burning through cash trying to prop up their currency, and 2) now that they've abandoned the program, we are likely to see even more relative strength in the dollar vs the brl.
http://www.zerohedge.com/news/2015-03-25/brazil-confidence-plummets...
Edited by Rob.Cogdill 3/25/2015 19:45
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Brazil Getting Real on Currency
