AFP
A frustrated Finance Minister Guido Mantega attacked China and the USA...for manipulating their currencies...at the expense of trading partners.
"Of course, China manipulates it's currency and it (would be) better that the currency could fluctuate," said Mantegna.
"I don't know if in the United States it's exactly a manipulation. It's the quantitative policy that goes to an undervalution of the dollar," he said.
China and the USA are important markets for Brasil's agricultural products.
But its currency...the real...has soared in value...now at it strongest level since 1999...while the yuan and usd have only weakened.
Popular Posts
- ECUADOR: Judge Orders Jail For 3 Media Executives, Columnist...In Correa Libel Case.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- CZECH REPUBLIC: Attempts To Ban The Communist Party.
- COLOMBIA: Capturing The Beauty In Beauty Contests.
- URUGUAY: Prez. Mujica Popularity At Record High After 100 Days.
- COLOMBIA: FARC Abducts & Murders Provincial Governor.
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
- PUERTO RICO: The Enigma of Tourism.
- HUNGARY: IMF Talks End Abruptly With $20 Billion Euros At Stake; Big Forint Sell-off.
- VENEZUELA: Chavez Will Nationalize 11 U.S. Drilling Rigs.