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Non-Tech : The Brazil Board

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To: THE ANT who wrote (1701)9/8/2017 9:25:02 AM
From: elmatador  Read Replies (1) of 2504
 
Brazil's central bank cuts Selic rate to 8.25%
cut its benchmark lending rate by a full percentage point as prices increased at the slowest pace in almost 20 years, and signaled a smaller rate cut at its next monetary policy meeting.

Published: Sept 7, 2017 2:27 a.m. ET
marketwatch.com

Mr Saravelos pointed to a specific structural reason to stay bearish on the dollar. A new driver of the forex market was the adjustment in flow imbalances caused by unconventional monetary policy, he argued.

“Americans are hugely underweight in their investment allocations to the rest of the world?.?.?.?the past few years Americans have liquidated close to the entirety of their foreign fixed income portfolio and are likely in the process of re-allocating back to the rest of the world,” Mr Saravelos said.

ft.com
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