Thursday, 28 July 2011

Real tumbles as Brazil imposes curbs

http://www.ft.com/cms/s/0/855a3fea-b86f-11e0-b62b-00144feabdc0.html#axzz1THBZYIYG

“This is a relatively severe measure because it’s so comprehensive. It affects Brazilian banks, companies, residents, non-residents,” said Tony Volpon, head of emerging markets research for the Americas at Nomura. “But there are still many things left answered; the market is very illiquid now, people are just sitting on their hands wondering what on earth is going on.”

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