"The real has surged 38 percent since the beginning of 2009, helping swell the country’s annual…"
October 8, 2010 in news review
“The real has surged 38 percent since the beginning of 2009, helping swell the country’s annual current account deficit to a record billion in August. The rally extends the currency’s advance to 111 percent since President Luiz Inacio Lula da Silva took office in 2003, the most in the world.”
– Mantega’s `Currency War’ Backfires as Real Volatility Jumps: Brazil Credit – Bloomberg