Dilma Rouseff's first words as Brazil's President Elect: We must end the Currency War

This is significant.  The first public interviews given after the election, Dilma Rousseff, the president elect of Brazil, has chosen to attack currency issues and by default the Federal Reserve.

She has used the words "currency wars" to frame the debate on the current monetary manipulation regime practiced by the Fed and Eurozone.  One can only imaging that they will heat up.  Via FT:
Dilma Rousseff, Brazil’s president-elect, has made her first comments on the “currency war” since winning Sunday’s election. This is the war in which Brazil’s outgoing finance minister told us the world was engaged and Rousseff, broadly speaking, stuck to the policy line he set out.
In separate television interviews, she said that “manipulating” exchange rates cannot resolve anything, that she would not do anything that “created confusion”, and that international organisations such as the G20 should be strong enough to “force certain countries” to value their currencies realistically.
We can only gather from those words that she does not view as problematic the kind of capital controls introduced - and recently tightened - by the government of her mentor, President Luiz Inácio Lula da Silva.
Brazil`s Real has rallied from under 40 US cents per Real to over 60 cents


More

Lula gov't wages "currency war", blames US Dollar
Rousseff wants to end the "currency war"
Who is Dilma Rousseff?

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