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Originally Posted by nikad
Basically the dollar goes down when the country exports a lot, I am sure Lula will correct it somehow, since it affects internal commerce. 1 peso= 1,19 real? Does that mean that we are cheap for brazilians?
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Yes, Brazilian exporters are going nuts... but all Lula said to them so far is basically GFY. According to him, exporters should get their stuff together and start to work around the problem and stop being cry babies! lol Which I agree in part, but small exporters are the ones getting screwed by this.
About the currencies, I think for us it doesn't really mean anything. Can't say the same about export/import players.