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Weekly Report - 07 July 2011 (WR-11-27)
BRAZIL: Tackling the dollar problem
The US dollar exchange rate against the Real reached a 12-year low
this week and Brazil's financial authorities are again concerned about its
decline. The weak dollar is proving to be a real problem for Brazil as it makes
the Real more attractive to investors, fuelling inflation, and at the same time
undermines the country's domestic producers' competitiveness. To make matters
worse, it appears that there is little that Brazil can currently do to escape
this trap.
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- BRAZIL: Tackling the dollar problem
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- Quotes of the week