Brazil Says They May Face Limits in Weakening Their Currency

“Brazil’s government faces limits on how much it can do to prevent its currency from strengthening, Trade Minister Fernando Pimentel said.

“Beyond what the central bank already does, there isn’t much more than can be done,” Pimentel said yesterday in an interview in Port-au-Prince as he accompanied President Dilma Rousseff on her state visit to Haiti. “There’s a limit to our capacity to prevent this appreciation of the real.”

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