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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.80

+0.2%

Nov 3 4:00 PM EST

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To: TobagoJack who wrote (30839)	3/13/2008 2:25:27 AM
From: elmatador	Read Replies (1) of 217528

Brazil to change forex rules to stem real's gains. Too much money seeking refuge in Brazil running away from devastation. Brazil to change forex rules to stem real's gains. March 12 (Reuters) - Brazil will ease regulations on foreign exchange transactions by exporters and tax investments by foreigners in the local bond market in a bid to cut inflows of U.S. dollars and stem gains in the local currency, Finance Minister Guido Mantega said on Wednesday. Brazil's currency, the real BRBY<BRL=>, has gained 6.2 percent in 2008, after surging about 20 percent in 2007. As the real has gained, export growth has slowed and imports have surged, shrinking the country's trade surplus. The current account balance of payments has swung into deficit, worrying some government officials. (Reporting by Isabel Versiani, Writing by Elzio Barreto; Editing by Jan Paschal)

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