Brazil wants the Fed to fix the dollar

Brazil wants the Fed to fix the dollar
Rio De Janeiro (UPI) Apr 20, 2011 - Brazil is piling public pressure on the U.S. Federal Reserve Board to fix the U.S. dollar which Brasilia says is undervalued and pushing the Brazilian real upward, creating problems for the economy. Brazil's bank deposit incentives and interest rates have drawn hordes of investors to the country, pouring tens of millions of dollars into the economy. The resulting appreciation of the cur ... more