Note

Brazil's Guedes says weaker currency no sweat, will boost exports

· Views 896

RIO DE JANEIRO, Aug 15 (Reuters) - Brazil's Economy Minister Paulo Guedes said on Thursday the weakening of the real above 4.00 to the dollar was "absolutely" not a cause for concern and the government was prepared if the currency hits 4.10 or 4.20 to the dollar.

"We are making good use of currency reserves," and that will help reduce internal indebtedness, Guedes said at an energy conference. He said a weaker currency will spur Brazil's exports and could help re-industrialize the auto, textile, furniture and shoe industries. (Reporting by Rodrigo Viga Gaier; Editing by Richard Chang)


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.