While the recent interest rates increase in Brazil to 8.5% along with other price hikes has created domestic unrest across the country that has been called the “Brazilian Spring” by some, for international currency traders there is reason to rejoice. In the current low interest rate environment, there has been a strong need for the profitable carry trade that used to exist with the Brazilian Real. With interest rates rising now, it has returned, with foreign currency traders cheering in While t…
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