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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (6616)5/22/2006 9:43:41 AM
From: elmatador  Read Replies (1) | Respond to of 217910
 
Real down 3.40% down. It was about time! Too much USD no good!. R$ increased 65% from 2003 to date. The southern industry is suffering due to the high real. Furniture, Cars, machinery, wood apples all suffering!

In Brazil, a salary of R$ 1.000, is today US$ 500. Eighteen months ago it was US$ 300.

Exporters have 7 months to repatriate their USD. Central Bank is going to extend this period. A R$ at 2.5/USD will be the ideal.