21 November 2012

BRASIL : Real Hits 3-Year Low Vs USD; Maids Getting Scarce And Expensive.


     Brasil's real hit a 3-year low today...2.095 per $usd...after President Rousseff reaffirmed that she thought it was 'overvalued.'
     There is also a growing domestic labor shortage...as continuing record low unemployment...and new work opportunities in the impoverished NE...shrink the labor pool for nannies, maids and cooks among the poorly educated...and poor.
     A proposed new law will only increase the cost of domestic help.

    TO READ: Rousseff and the weakening real; 2.10 a certainty...but is 2.25 real on the horizon...as inflation nears 5.39%?