23 April 2012

BRASIL : REAL Nears Critical 1.90 level On EU, China News.

                           (This outstanding foto of Rio...by Roberto Peradotto)

        After months of threatening to break the 1.60 level...Brasil's REAL is now going the other way...nearing 1.90 per $1 usd...on gloomy news from Europe...the poor showing of France's Sarkozy, recession in Spain and the resignation of the Dutch government over new failed austerity measures...and continued slowing growth in China.
        It opened at 1.8823.
        It might finally be time to plan that trip to Brasil.