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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (4519)1/7/2004 9:19:06 AM
From: Wyätt Gwyön  Respond to of 110194
 
they are buying USD now to replenish their FX reserves ..... there must be something WE do not know.

yes, they know the only way to keep the Real down is to buy US confetti. just like the Japanese. from the article:

"The only way for the government to offset the inflow of dollars from exports and prevent the real from strengthening is for the government to buy dollars,"



To: Haim R. Branisteanu who wrote (4519)1/7/2004 10:52:06 AM
From: Crimson Ghost  Read Replies (3) | Respond to of 110194
 
Brazil probably is buying dollars because most of its foreign debts are denominated in greenbacks. Also the buck has dropped so far that a decent bounce is quite probable before the downtrend resumes IMHO.


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