When the Brazilian stock market is going up the Real tends to strengthen due to speculators wanting to buy into the market BOVESPA. Thus I include a chart of the BOVESPA here to help quickly resolve the source of changes to the Real.
Research Links
Baltic Dry Index provides a proxy for world trade levels
Links
9 Comments
Good graphs showing how much the commercial world pays (in random currency movement) because governments can’t get their act together.
Lula FM is actually given great credit for paying back most of Brazial world debt, maintaining a big Trade Surplus (27B/yr as Apr’09) & supporting tha Real.
But currency traders have long memories…when Bra devalued the cureizo essentially to 0 in ’93 that’s IT! my CTA still won’t let me trade R/$.
Useful tip for the nite? S&P says they’re looking to devalue GRP’s AAA National Bonds! Sell GRB/CHF???
Obama is killing the dollar with his mega-big treasury auctions as of this date of comment. The american empire is in decline and we have a barbarian as emperor.
Poor Poor world. It is May, 2010 and the dow dropped 1000 points today. The world is paniced and so it buys US dollars. If only they knew how rotten our system has become. They would run away. Dollar up from 1.80 to 1.87 today against the Brazillian Real.
bailout pumped the market up 400 points today. Ponzi scheme extended and made worse when it craps out!
Euro down again in spite of bailout for Greece. Talk is of the eurozone breaking up. That would be my bet.
LIBOR time bomb note added. See LIBOR graph above.
Good graphs showing how much the commercial world pays (in random currency movement) because governments can’t get their act together.
Looks like we are going to enter a new phase in the economic crisis. China, Brazil and India are all over the credit cycle hump. Indian rupee and Brazil real are both falling fast. India is instituting de factor capital controls. Demand will be cratering if this is any indication. US economy can not be far behind as they buy things from us too.
This is what is happening right now: http://finance.yahoo.com/news/india-brazil-other-emerging-economies-193352470.html