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BRL review: Western Union

Monday, March 9, 2015 3:19 PM UTC

Quotes from Western Union:

- The strong US Dollar, weaker Chinese imports & domestic factors sent the Brazilian Real to fresh lows over the 3.00 level, which have not been seen since June 2004.

- Spiraling inflation which could result in the Brazilian Central Bank increasing rates further higher could send the economy further into recession.

- The dip in Chinese imports in February will have a profound impact on the Brazilian economy with China being the largest destination for Brazilian exports.

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BRL review: Western Union

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