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View Full Version : Brazil’s Currency Strengthens After Central Bank’s Rate Cut - Bloomberg



NewsWhore
03-12-2009, 12:20 PM
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Brazil’s Currency Strengthens After Central Bank’s Rate Cut (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3Da9oxTRraiJCg%26refer%3Dlatin_america&cid=1313179301&ei=DCm5SZnEI4uwMorbvecJ&usg=AFQjCNFV0unpRadetOb_2Hy9_OGSfWevdg)
Bloomberg
The increase in the monetary easing pace will provide long-term support to the currency, he wrote yesterday in a note to clients. The central bank is set to offer as much as $1 billion in loans to financial institutions at an auction in the currency ...


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